Today news
About the same in other media
Blockstream CEO Adam Back Criticizes MicroStrategy Short ETF as ‘Terrible Product’
Reading now: 365
On April 7, Blockstream CEO Adam Back criticized the newly launched Defiance 2X Short MSTR ETF (exchange-traded fund). The ETF was created to short MicroStrategy, one of the most recognizable holders of Bitcoin.
The Blockstream CEO shared his views on an X thread, calling the ETF a “terrible product” unlikely to yield the desired results.
He reasoned that even if investors considered MicroStrategy overvalued, the ETF would still face great risk due to auto-rebalancing in a volatile market.
have to say this is a terrible product
Read more on cryptonews.comAbout this in other media
GBTC Continues to Lead Outflows as Bitcoin Spot ETFs See Net Outflow of $58M cryptonews.com /6 months ago
Vi to rollout 5G within 9 months of fundraise: CEO Akshaya Moondra economictimes.indiatimes.com /6 months ago
Lok Sabha polls: Delhi CEO declares paid holiday on voting day livemint.com /6 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
