4 ms·

I'd love for a portfolio manager to chime in and comment on this. BTC has often had uncorrelated or inversely-correlated behavior with regards to the market; M

• zzalpha 10y ago
  I dunno, BTC seems a little too unstable as a good hedge, IMO. To me, the real value is being able to make money on volatility, since you can buy and sell shares in this ETF far more easily than you can with BTC... That said, I'm very curious how they plan to track it. What's the "gold standard" for the "value" of BTC, given its price can vary across exchanges? The difficulty of getting money in/out limits the opportunities for arbitrage, so this kind of thing can happen pretty easily. Are they going to track an average across exchanges or something? EDIT: Or I could just read the SEC filing. They're going to use their own index (which is an average based on the spot price of "Qualified Exchanges" they've identified): https://winkdex.com/ https://winkdex.com/ Well, that doesn't sound shady at all!