Investment firm Hyper has significantly reduced its long exposure on Ethereum (ETH) by approximately $5.98 million. This adjustment marks a strategic move implemented by Hyper to rebalance its investment portfolio.
The reduction is characterized as a calculated step taken amidst evolving cryptocurrency market dynamics. Hyper explicitly stated the action is designed to optimize the firm’s risk management profile.
A key objective underlying the portfolio adjustment is the preservation of capital gains accrued during prior investment periods.