“The risk of being exposed or unhedged is very high, so BITO will provide decent cover, although it is not a perfect hedge as there is slippage and a decent cost to buy BITO,” Kssis added. “But many APs won’t have a choice (since they can’t buy bitcoin or are not allowed to touch them by their compliance dept) or even won’t have the infrastructure, i.e., custodian, or back office system to reconcile their positions.”
Related posts
-
Bitcoin ETFs end 5-day inflow streak, record $13 million net outflows
Spot Bitcoin (BTC) ETFs in the U.S. broke their five-day net inflow streak on July 2,... -
Bitcoin (BTC) Predicted to Reach $150K This Year, Trader Says, Even as Mt. Gox Fears Weigh on Price
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Bitcoin miner Genesis Digital Assets eyes IPO in US: report
Alameda-backed crypto miner Genesis Digital Assets is reportedly in discussions with advisors about launching a pre-IPO...