F. DERP, A New Bitcoin Short-Only Hedge Fund Targeting Major Bitcoin Startups
I've mentioned previously that my Bitcoin trading strategy is to buy when price looks to have bottomed and begun an uptrend. I generally advise people against shorting Bitcoin; the long term trend is still clearly bullish so the odds favour the upside for any timeframe beyond a few days. That said, I'd happily short a number of companies and startups in the Bitcoin space if it was possible... Shorting Mt. Gox or Neo & Bee may have been as profitable as mining back when the only competition was Satoshi. Until now, there hasn't been a way to short Bitcoin companies, which is a detriment to....
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The hedge fund Fir Tree Capital Management’s investors claim it has developed a method to short the stablecoin tether. A report notes that “clients of the firm” said the potential to reap big rewards from shorting the world’s largest stablecoin is great.
Investors Say Hedge Fund Devised a Method to Short Tether, Fir Tree Bets Short to Pay off in 12 Months
On March 6, 2022, the market valuation tied to the stablecoin tether (USDT) surpassed the $80 billion mark. Tether is the largest stablecoin by market capitalization and it represents 4.43% of the....
Marshall Wace is reportedly still discussing the size of its new digital currency-related portfolio with potential investors. Marshall Wace, a London-based hedge fund giant managing about $55 billion in assets, is reportedly planning a major move into cryptocurrency and blockchain investment.The hedge fund firm is preparing to launch a dedicated portfolio, targeting investments in the digital asset industry, the Financial Times reported on Tuesday.Citing anonymous people familiar with the matter, the report notes that the new initiative will focus on investing in privatelyowned digital....
The concept of using blockchain technology to retool the hedge fund industry is gaining traction. At least that's the message conveyed in a report CoinDesk published last week on Melonport. The startup’s idea is to counter the high costs and onerous requirements of hedge funds, and make it easier to set up and manage portfolios. Melonport is not alone. Several companies are taking a run at this space, from a range of angles. Some focus on the underlying platform; others focus on the returns, offering access to a managed selection of digital assets. Most seem to regard the hedge fund....
On March 30, Gumi Cryptos Capital (GCC), announced the blockchain-focused venture capital firm’s second fund that will invest $110 million in early-stage blockchain startups. The second fund follows GCC’s initial $21 million fund that backed seed stage founders.
Gumi Cryptos Capital Reveals Fund II — Firm Will Invest $110 Million Into early-Stage Blockchain Startups
The blockchain-focused venture capital firm Gumi Cryptos Capital (GCC) has announced the launch of a $100 million fund that will be focused on blockchain concepts like decentralized finance....
Hedge funds are adopting crypto investments, but one asset manager says it is all a speculative play. Not all hedge fund managers are sold on crypto as Man Group CEO Luke Ellis has compared cryptocurrencies to tulip bulbs.Speaking to the Financial Times, Ellis remarked that the utility of crypto comes from its volatility, thus presenting the asset class as a viable trading opportunity. According to the CEO of the world’s largest publicly-traded hedge fund:“If you look at cryptocurrencies as a whole, it is a pure trading instrument. There is no inherent worth in it whatsoever. It is a tulip....