Today news
About the same in other media
Blockstream CEO Adam Back Criticizes MicroStrategy Short ETF as ‘Terrible Product’
Reading now: 530
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
'Big change' in global growth is bullish for commodities including copper, says VanEck CEO cnbc.com /3 weeks ago
Crypto.com CEO Expresses Concern over Surging Valuations in Crypto Sector cryptonews.com /3 weeks ago
GBTC Continues to Lead Outflows as Bitcoin Spot ETFs See Net Outflow of $58M cryptonews.com /3 weeks ago
Show more
The website finance-news.co 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.
