Pricing Efficiency of Bitcoin Trusts

This article examines the pricing efficiency of Bitcoin Investment Trust. We investigate the deviation between prices and net asset values and find that there is a significant and persistent premium with an average of 44%. Such evidence points to pricing inefficiency of the currently available trust and encourages practitioners to introduce better instruments such as Exchange Traded Funds as alternatives to investors interested in having exposure to bitcoins and the digital currencies market

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Year of publication:	2020
Authors:	Almudhaf, Fahad
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Vertrauen \| Confidence \| Elektronisches Geld \| Electronic money \| Virtuelle Währung \| Virtual currency \| Effizienz \| Efficiency
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Almudhaf, F. (2018) “Pricing efficiency in Bitcoin trusts”, Applied Economics Letters, 25(7) 504-508 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2018 erstellt Volltext nicht verfügbar
Classification:	G10 - General Financial Markets. General ; G12 - Asset Pricing ; G14 - Information and Market Efficiency; Event Studies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012827385