Tag: Futures

Dow Futures Ink Slight Gains as Investors Digest Corporate Earnings Result

When most of the legacy stocks perform well, there is always a significant rub-off on the Dow Futures. The United States stock market is seeing a great deal of mixed activity with the futures tied to the Dow Jones Industrial Average (INDEXDJX: .DJI) soaring up by inching upward by 0.01%. Investors are somewhat showing positivity for the market after digesting some of the earnings reports that have been published thus far. Futures tied to the S&P 500 (INDEXSP: .INX) are also up 0.1% while those tied to the tech-heavy Nasdaq…

Ethereum futures and options data reflect investors’ growing confidence in ETH price

The price of Ether (ETH) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 before facing a 5.4% rejection. Curiously, the same resistance level resulted in a substantial correction in late August 2022 and again in early November 2022.  Ether/USD price index, 2-day. Source: TradingView From one side, traders are relieved that Ether is trading up 35.5% year-to-date, but the repeated corrections that follow retests of the $1,680 resistance may have weakened investors’ sentiment. Negative newsflow might have limited Ether investors’ appetite after troubled cryptocurrency company Digital Currency…

What are perpetual futures contracts in cryptocurrency?

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In 1992, economist Robert Shiller proposed a cash-settled futures market called perpetual futures that don’t expire and don’t provide delivery or coverage of the traded asset in order to lower the cost of rolling over or directly holding cryptocurrency contracts. However, such contracts are active only in cryptocurrency markets. In order to gain exposure to an underlying asset or index, a trader can own a perpetual futures contract indefinitely. Since the contracts wouldn’t have a predetermined maturity date, this strategy allows for the creation of futures markets for illiquid assets.…

Bitcoin holds $20K while flirting with a neutral futures premium for the first time in 6 months

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After 66 agonizing days, Bitcoin (BTC) price finally broke above the $20,000 psychological resistance on Jan. 14. At the same time, the current $400 billion market capitalization gives BTC a position in the top-20 global tradable assets, surpassing giants like Walmart (WMT), Mastercard (MA) and Meta Platforms (META). From one side, Bitcoin bulls have reasons to celebrate after its price recovered 34% from the $15,500 low on Nov. 21, but bears still have the upper hand on a larger time frame since BTC is down 52% in 12 months. However,…

Samsung’s Asset Management Arm Launches Bitcoin Futures ETF in Hong Kong – Finance Bitcoin News

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Samsung’s asset management arm has launched a bitcoin futures exchange-traded fund (ETF). The new actively managed ETF is listed and traded on the Hong Kong stock exchange. It seeks “to provide economic exposure to the value of bitcoin,” Samsung detailed. Samsung’s Bitcoin Futures ETF Samsung Asset Management (Hong Kong) Ltd., a wholly owned subsidiary of Samsung Asset Management, a member of the Samsung Group of companies, launched a bitcoin futures exchange-traded fund (ETF) on Friday called “Samsung Bitcoin Futures Active ETF.” The new ETF is a sub-fund of Samsung ETFs…

Samsung Investment Arm to Launch Bitcoin Futures ETF in Hong Kong

When the ETF goes live, it will offer diversification and a means for investors to meet their demands. Samsung Asset Management, the investment arm of the financial services giant, has announced its plans to launch a Bitcoin Exchange Traded Fund (ETF) product, giving investors a new way to gain exposure to the digital currency. As reported by Cointelegraph, the proposed product, dubbed the “Samsung Bitcoin Futures Active ETF” is billed to float on January 13 and will be trading on the Hong Kong Stock Exchange. The proposed product will offer…

Samsung investment arm to launch Bitcoin Futures ETF amid rising crypto interest

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In Hong Kong, the bell rings for Bitcoin (BTC). Samsung Asset Management Hong Kong (SAMHK), a subsidiary of Samsung’s investment arm Samsung Asset Management, is set to list the “Samsung Bitcoin Futures Active ETF” on the Hong Kong stock market on Jan. 13. The move comes amid a surge in interest from both the government and institutional investors in the region. The Hong Kong Stock Exchange. Source: thetradenews.com The ETF, or exchange-traded fund, will track the spot price of Bitcoin by investing in Bitcoin futures products listed on the Chicago…

Morgan Stanley Eyes Bitcoin Market via GBTC and Cash Settled Futures on Its European Fund

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Morgan Stanley warned that the value of GBTC may drop ‘precipitously’ to zero due to regulatory changes, a crisis of confidence, a flaw, or an operational issue in the Bitcoin network. Morgan Stanley (NYSE: MS) has announced that its European Fund has set aside cash to invest in the Bitcoin market. According to its annual shareholder’s report filed on January 5 to the SEC, the company’s European Opportunity Fund has made a deliberate attempt to invest in the volatile crypto market via cash-settled futures or indirectly through Grayscale Bitcoin Trust…