Arthur Hayes, co-founder of BitMEX, is again in ETHFI, and the timing is popping heads. Onchain data<\/a> from Lookonchain reveals Hayes obtained ETHFI tokens price round $72,800 from Anchorage Digital at $0.55, simply 5 hours earlier than Upbit introduced its KRW market itemizing. According to Upbit\u2019s official notice<\/a>, posted on March 19, ETHFI was scheduled to start buying and selling on the KRW market at 12:30 the identical day.<\/p>\n For context, a KRW market itemizing on Upbit, South Korea\u2019s largest crypto change, is a big catalyst for any token. It has traditionally triggered sharp short-term worth volatility as Korean retail merchants pile in.<\/p>\n The timing turns into extra attention-grabbing within the context of Hayes\u2019s current ETHFI exercise. A month in the past, Lookonchain noticed him transferring out 2.15 million ETHFI tokens.<\/p>\n \u201cOne month ago, Arthur Hayes <\/span>transferred out 2.15 million <\/span>$ETHFI <\/span>($1M) at an average price of $0.47, possibly selling. Today, he received 132,730 $ETHFI <\/span>($72.8K) from Anchorage Digital at $0.55.\u201d Lookonchain reported<\/a>.<\/span><\/p>\n<\/blockquote>\n The receipt of 132,730 ETHFI at $0.55 suggests a re-entry into the token, although at a smaller scale and a barely increased worth than he exited.<\/p>\n Nonetheless, this isn’t the primary time Hayes has moved out and in of ETHFI tactically.<\/p>\n In December 2025, Hayes dumped Ethereum<\/a> price $5.53 million and rotated the proceeds right into a basket of DeFi tokens together with PENDLE, LDO, ENA and ETHFI. Today\u2019s re-entry suggests the token stays a recurring conviction play in his portfolio, whilst he adjusts place sizes round market situations<\/p>\n The sample, offloading a big place, then quietly re-accumulating earlier than a significant change itemizing, is exactly the type of sequence onchain analysts flag.<\/p>\n Furthermore, the market reacted immediately to Upbit\u2019s announcement. ETHFI had been sliding steadily all through the day, falling from round $0.57 to as little as $0.54.<\/p>\n Then, proper on the itemizing announcement, the token spiked sharply, leaping to $0.60 inside minutes. It traded as excessive as $0.6024, up 4.7% prior to now 24 hours.<\/p>\n The 24-hour vary was $0.5401 to $0.5952, with the transfer increased coming virtually completely in that last window.<\/p>\n Market cap sits at $469 million. Total Value Locked stands at $5.85 billion, a determine that reveals ETHFI\u2019s actual utility past hypothesis.<\/p>\n Arthur Hayes\u2019s strikes entice consideration as a result of his calls have a monitor document. In January, Hayes predicted a Bitcoin bull run in 2026<\/a>. Hayes argued that renewed Federal Reserve liquidity within the type of balance-sheet growth would drive elevated curiosity in danger belongings together with crypto and equities.<\/p>\nArthur Hayes and ETHFI- A Month of Mixed Moves<\/h2>\n
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<\/a>Is Buying ETHFI A Good Call?<\/strong><\/h2>\n