It is the truth that liberates, not your effort to be free.
Jiddu Krishnamurti
Someone who knows more can correct me, but...I'm quite sure creation/redemption of etf's is simple arbitrage (there's no significant time gap--and if ever, certainly not days). authorized participants like JPM are offered a profit in exchange for keeping the value of the ETF tracking closely to the underlying instrument/index. Also, if one thinks that ap's are potentially short the underlyer for as much as a couple days on a creation, then it must follow that they are long for as much as a couple days on a redemption. So the 'risk' would be symmetric. But it's not so, because they aren't taking risk. they are just clipping coupons.
there's nothing to see here. vanguard manages passive investment funds. by definition, a passive fund automatically buys the members of the index it seeks to mimic. vanguard is then required to file its holdings to the sec. you will see the large passive managers (blackrock, vanguard, state street, etc) as top holders of most stocks.
more proof that my kids are right; I'm not funny
that's LinkedIn humor, for those who don't spend time there....
congratulations on your new post!!!!!
I bet you were thrilled to announce it!!!!!!!!!!!
After the Africa Bitcoin Conference I went with a small group of people to explore the impact of Bitcoin mining and adoption in Kenya and Malawi. One companion was a well-known foreign correspondent who has been a little skeptical about Bitcoin. But what he saw blew him away. Here is his report, a highly recommend read:
https://unherd.com/2024/01/the-african-village-mining-bitcoin/
great piece. thanks Alex, and happy new year
the borrow fee is very low
high borrow fees + high short interest are usually needed for a meaningfull squeeze
BITO, CME futures, and Coinbase/NYDIG/Anchorage are all easy on-ramps for professional investors.
āThe SOM is tiny, even though the TAM is massive, so Iāll sit this one outā
Highest signal 14 minutes Iāve experienced since 10/7 https://podcasts.apple.com/us/podcast/making-sense-with-sam-harris/id733163012?i=1000631103129
Yes! Check out DenTekās versionāI think the pointy part works better
