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Citron is on the short side. Their entire investment strategy of the company is to short assets, in this scenario the future is used as an arbitrage hedge, but
by sedtrader 9y ago
Citron is on the short side. Their entire investment strategy of the company is to short assets, in this scenario the future is used as an arbitrage hedge, but overall yes citron is short biased on bitcoin.
- kgwgk 9y agoIt’s bitcoin-neutral, that’s the whole point of the hedge.
- pmc1 9y agoCitron is not bitcoin neutral. They are short biased bitcoin as their website and twitter account reiterate. And a hedge doesn't mean "neutral." It simply protects you in the event that an investment doesn't go as expected.
- kgwgk 9y agoThe bloomberg piece says: “Left recommends shorting the trust, buying bitcoin futures”. He says in the video: “I don’t even care what happens to bitcoin”. Where is the short bias?