ETHENA PERP STYLE COT Report, Traders in Financial Futures
Wednesday, October 28, 2026
Leveraged Funds net -1,332 contracts in ETHENA PERP STYLE, positions as of Tue 20 Oct 2026.
Data as of Positions as of Tue 20 Oct 2026; published Fri 23 Oct 2026
Positions as of Tue 20 Oct 2026 - published Fri 23 Oct 2026 (CFTC, Friday release)
Report family
Traders in Financial Futures
Basis
Futures only
Market
ETHENA PERP STYLE - COINBASE DERIVATIVES, LLC
CFTC contract code
180LM6
Contract unit
5,000 Ena
Open interest, contracts
1,752
Change in open interest, contracts
+392
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Dealer/Intermediary
0
0
0
+0
0.0
0.0
0.0
Asset Manager/Institutional
0
0
0
+0
0.0
0.0
0.0
Leveraged Funds
285
1,617
0
-1,332
16.3
92.3
-76.0
Other Reportables
738
38
0
+700
42.1
2.2
40.0
Total reportable
1,023
1,655
-
-632
58.4
94.5
-36.1
Nonreportable
729
97
-
+632
41.6
5.5
36.1
Leveraged Funds: position against its own history
Weekly net, last 5 reports
Leveraged Funds net, contracts
-1,332
Week change
-245
4-week change
-718
13-week change
-
Net as % of open interest
-76.0%
Percentile, 1 year (52 weeks)
-
Percentile, 3 years (156 weeks)
-
Z-score, 52 weeks
-
COT Index, 3 years
-
52-week high of net
-614
52-week low of net
-1,332
Traders and concentration
Category
Traders long
Traders short
Dealer/Intermediary
0
0
Asset Manager/Institutional
0
0
Other Reportables
17
-
Total reportable
19
4
Largest 4 traders, gross long
22.7%
Largest 4 traders, gross short
94.5%
Largest 8 traders, gross long
34.1%
Largest 8 traders, gross short
94.5%
Largest 4 traders, net long
22.7%
Largest 4 traders, net short
94.5%
Largest 8 traders, net long
34.1%
Largest 8 traders, net short
94.5%
Concentration is the share of open interest held by the largest traders, as published in the report.
Latest report, futures and options combined
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Dealer/Intermediary
0
0
0
+0
0.0
0.0
0.0
Asset Manager/Institutional
0
0
0
+0
0.0
0.0
0.0
Leveraged Funds
285
1,617
0
-1,332
16.3
92.3
-76.0
Other Reportables
738
38
0
+700
42.1
2.2
40.0
Total reportable
1,023
1,655
-
-632
58.4
94.5
-36.1
Nonreportable
729
97
-
+632
41.6
5.5
36.1
The combined basis adds options converted to futures equivalents at exchange delta factors. The two bases are never mixed in one series; the history on this page is futures only.
Recent reports, net by category
Report date
Open interest
Dealer/Intermediary
Asset Manager/Institutional
Leveraged Funds
Other Reportables
Total reportable
Nonreportable
Tue 20 Oct 2026
1,752
+0
+0
-1,332
+700
-632
+632
Tue 22 Sep 2026
1,360
+0
+0
-1,087
+650
-437
+437
Tue 15 Sep 2026
1,463
+0
+0
-1,165
+767
-398
+398
Tue 8 Sep 2026
1,655
+0
+0
-1,082
+728
-354
+354
Tue 1 Sep 2026
1,111
+0
+0
-614
+397
-217
+217
Spreading is calendar-spread positions. It prints as its own column and is not part of net. Percentile is the share of weeks in the window with a net at or below the current net. The COT Index places the current net within its 3-year range, 0 at the low and 100 at the high. Gauges print only when the window holds enough history. History is the series as currently published by the CFTC, including its corrections; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal: speculative categories are trend followers and are usually largest near price extremes.
Source: CFTC Commitments of Traders, Traders in Financial Futures report, futures only unless stated. Positions as of Tue 20 Oct 2026, published Fri 23 Oct 2026.