The paper examines the return and volatility transmission between NFTs, Defi assets, and other assets (oil, gold, Bitcoin, and S&P 500) using the generalized vector autoregressive framework. The results report weak static return and volatility spillovers between NFTs and Defi assets and selected...

This study investigates the extreme connectedness between Bitcoin and crypto-mining stocks using the quantile connectedness approach of Ando, Greenwood-Nimmo, and Shin (2022). We estimate the connectedness (i.e., direction and strength of spillover effects) at the median, extreme lower, and...