ProShares Global Investment Strategist: Flaws Still Exist in the Bitcoin Spot Market
ProShares Global Investment Strategist Simeon Hyman said on Bloomberg TV on Wednesday that flaws still exist in the Bitcoin spot market, including price differences between exchanges and platform risks. Bitcoin has multiple prices, and cryptocurrency futures settle daily based on a combination of various prices. Hyman also expressed doubts about how cash creation and redemption work in practice, where brokers exchange cash (rather than underlying securities) with issuers during this process, then the issuer assumes responsibility for buying and selling bitcoin. ETFs typically use an in-kind mechanism where brokers deliver the asset itself to the issuer and receive ETF shares as a return. When talking about the Bitcoin futures market, Hyman stated that it is a mature place with strong liquidity and regulation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Global economy risks fragmentation! Australia bets on AI as a new growth engine
In a potentially more fragmented and unpredictable global economy over the next 40 years, Australia relies on the deployment and development of artificial intelligence (AI) to drive economic growth.
Europe’s aviation fuel “red alert” in the fourth quarter: Shortfall will reach 510,000 barrels/day, South Korea’s exports surge to a four-year high to urgently fill the gap
According to analysts and shipping data, Europe will face a supply gap for aviation fuel in the fourth quarter, even as it turns to distant suppliers such as South Korea. South Korea's aviation fuel exports to Europe in September are set to reach a four-year high.
Apple (AAPL.US) nears a 5 trillion USD market capitalization, targeting Nvidia: the 1,999 USD foldable screen Duo becomes a critical battle.
Apple (AAPL.US) has unveiled its new iPhone, which could be the ticket for this consumer tech giant to reclaim its position as the most valuable company by market capitalization. The company is not far from reaching this goal.
Facebook and Instagram under Meta (META.US) experienced outages affecting thousands of users in the US last Sunday.
Thousands of users in the United States were unable to access Meta’s social platforms Facebook and Instagram last Sunday.
Crypto prices
More
