Let's say one has been fortunate enough to accumulate a sizable amount in cryptocurrencies.
Is there any financial product one can buy to "insure" against a sudden meltdown in crypto valuations ?
Please be specific if you can, add example if possible ?
Will the upcoming products from CBOE /CME be useful for that purpose ?
Thanks.
No, right now, not yet.
However maybe in the near future with CME futures laucnhing, there will be BTC options very soon but I think the premium will be very high - that's because BTC volatility is so high buying an option in BTC will be very expensive.