@leveraged_cat Chinese politics are tied to economical growth. In case of low growth, the probability of social uprising against the CCP increases…The US knows this perfectly.
@TheBTCTherapist Useless management fees to pay on a running basis. Assuming 20bps p.a., that would make 1% losses over 5 year for NOTHING.
If I were you @100trillionUSD, I would have given this cost fees to charities instead of Blackrock
@BitcoinNewsCom Hedging is easy: you put 100% of the cash in USDT yielding more than 11.5%.
If BTC drop, you keep the yield and give back only the capital.
If BTC pumps below 11.5%, same, but you share the yield.
If BTC pump above, you get the diff in yield with 11.5%.
Sounds like a 💩 product
Community has always been the backbone of @biconomy.
Recently, I had the privilege of meeting some of our amazing community members, like @ooogie_boogie,@davidddddt@RLargeron who have supported us for so long.
Your support has been the fuel that keeps us going.
@QuintenFrancois It can already be used in a UCITS… up to 10% of the assets in what is called « the trashed » ratio.
What is complicated is the custody of it. No issue with a BTC ETF to be added in this trashed bucket
@QuintenFrancois Net investment volume seems to be low given it is just a more efficient capital allocation from expensive to low cost ETFs. Not sure we will see a massive upstick in the spot market