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[ORGANIZATION]

Abraxas Capital Management

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Situations

[ACTIVE] [BUSINESS] [US]

Institutional cryptocurrency short position hedging

2 clusters · 4 sources · last updated

Latest: Abraxas Capital buys $32M in ETH to hedge $353M short position

In late August 2026, three financial institutions—Abraxas Capital, Fasanara Capital, and Wintermute—established significant short positions in Bitcoin and Ethereum on the Hyperliquid exchange, totaling approximately $603