Weekend Reads: Bitcoin, Bitcoin, Bitcoin

Here’s the bad news: volume in the Cboe contract has been very small. On average, roughly $60 million in notional value has traded each day. In just the last 24 hours, about a half-million bitcoins alone have changed hands. At $17,000 per bitcoin, that is about $8.5 billion.

Bitcoin futures are about to get another big boost – (CNBC)

 

As bitcoin has sped through sudden gains and drops, traders used to wild swings in commodity prices are trying to reap profits in cryptocurrencies

As Other Markets Stall, Traders Rush Into Bitcoin Boom – (Wall Street Journal)

 

So far, the Pineapple Fund has donated $1 million to Watsi, The Water Project, the EFF and Maps, as well as $500,000 to the BitGive foundation.

Bitcoin tycoon promises to give away $86 million worth of bitcoins to charity – (Mashable)

 

The company has joined other funds seeking to adopt AI for trading. It invested in SparkCognition, a Texas-based tech firm that counts Alphabet Inc.’s Google as one of its partners, according to the firm’s website. Brevan Howard hasn’t yet applied the technology for trading, the people said.

Billionaire Hedge Fund Manager Having the Worst Year of His Career – (Bloomberg)

 

Second, you have to go back to the mid 1990’s to find a period that is similar to what we are experiencing now. We all know what followed. Third, the Sharpe ratio in any calendar year has never exceeded 3.0.

THE S&P 500 INDEX SHARPE RATIO IN 2017 IS 3.5 – (AI Source)

 

Four of the five occurrences preceded medium to large market pullbacks (‘98, ‘00, ‘14, ‘15), with ‘00 preceding the end of the tech bubble and ‘15 preceding the August flash crash,” said Krinsky.

Market Watch – The S&P 500 and DAX are parting ways and that could be bad for Wall Street – (Mr. Topstep)

 

So what’s the tale of the tape in what could be an epic battle? We came up with a table (or infographic) to make it easy for anyone to know the difference between CME’s and Cboe’s Bitcoin Futures contract:

Infographic: Bitcoin Futures Facts – (RCM’s Attain Alternatives)

 

One thing is for certain, innovation and competition are alive and well at Chicago’s futures exchanges.

Trading Bitcoin Futures on the CBOE – (RCM’s Attain Alternatives Blog)

Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.