Bitcoin is far from infancy. The futures are a nice touch, but they are cash settled so they will drift from spot. We still do not have a spot market with swa

Bitcoin is far from infancy. The futures are a nice touch, but they are cash settled so they will drift from spot. We still do not have a spot market with swaps from companies you can trust. Due to this, negative exposure is still difficult to replicate, hence why some brokers will not offer short side on the futures.