Arthur Hayes Cashes Out $22M ETH, ENA & UNI Portfolio, Here’s Why

Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom Fund, has exited his entire directional trading book. On October 24, 2026, he confirmed the move on X, selling Ethereum (ETH), Ethena (ENA), Uniswap (UNI), and other altcoins worth roughly $22.28 million. The exit signals a sharp defensive pivot amid rising macro and geopolitical