Monthly Archives: December 2019

Crypto Coins — an Asset Class of Its Own

The fact that Bitcoin prices did not drop on news about the CBOE abandoning their ETF applications might be yet more proof of there being no significant portions of dumb money in the overall Crypto markets.

When it comes to ETFs on the BTC price, their audience would be even dumber than for, say, stock index ETFs or market segment ETFs as anyone buying an ETF on the Bitcoin price does not know the first thing neither on how to set a simple Wallet up in a few clicks nor risk management, asset classes and that some price exposure on Crypto would not hedge against systemic risk, political risk etc in (electronic) securities trading.

Good for the Crypto segment to prove that it is not overly dependent on that kind of money.

With constant discussion of what kind of an asset Crypto coins are, last weekend’s price action again demonstrates that Crypto is “different” in so many ways.