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

HIGHLIGHTS Arthur Hayes sold his entire Maelstrom directional book, worth about $22.28M, including ETH, ENA, and UNI. He said macro and geopolitical risk look “dicey,” and he is moving to cash until the “all clear” signal. Hayes has reversed course before, and his sell announcements have moved markets, including HYPE dropping 4% after his exit. 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.