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RE: Bitcoin to be the best performing asset into year end?

in #bitcoin • 7 years ago

I posted about the crypto derivatives markets a couple weeks ago: https://steemit.com/news/@olyup/whale-cash-incoming-ledgerx-now-licensed-to-trade-crypto-derivatives

One big overlooked point is that the lack of transparent hedging markets was a big factor in rejecting the Winkelvoss' bitcoin ETF proposal. With those markets opening up now (and the market data that will make available to regulators), an ETF is becoming more likely.

7 years ago in #bitcoin by
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     7 years ago  

    I hadn't thought about that, (or heard that actually), but that is great news. I thought it mostly had to do with not being able to regulate the exchanges properly at this point...

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     7 years ago  

    'Transparency', i.e. sharing proprietary data, is a big part of being regulated. From the rejection notice:

    "First, the exchange must have surveillance-sharing agreements with significant markets for trading the underlying commodity or derivatives on that commodity. And second, those markets must be regulated."

    Then in the footnote:

    "the significant markets relating to the commodity-trust ETPs approved to date have been well-established regulated futures markets for the underlying commodity"

    It looks to me like this could be the hurdle.

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       7 years ago  

      You seem to have a depth of knowledge regarding this. Think we could discuss some thing? I'm looking to open a business and could use some input!

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