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Title: [2017-06-28] Bitcoin Has Become So Volatile It Looks Like an ETF on Steroids Post by: elite3000 on June 29, 2017, 02:12:28 PM There’s volatility. And then there’s bitcoin volatility.
With virtual currency flash crashes and a recent string of ransomware attacks all but obliterating bitcoin’s incremental stability, it’s become hard to find a comparable asset. Indeed, the closest match is an exchange-traded fund on leverage steroids that’s supposed to be highly volatile. Bitcoin now swings more than the Direxion Daily Junior Gold Miners Index Bull 3x Share, or JNUG, an ETF that uses borrowed funds to deliver three times the return on an index tracking small-cap mining companies. And the volatility spread between bitcoin and the inverse short version of the fund, JDST, is the smallest in more than three years. https://www.bloomberg.com/news/articles/2017-06-29/bitcoin-s-become-so-volatile-that-it-looks-like-a-steroidal-etf |