The financialization of cryptocurrencies
We show that change in Grayscale Bitcoin Trust premium is the single most significant predictor of Bitcoin daily return. This sentiment measure is similar to the closed-end fund discount measure as in Baker and Wurgler (2006), but more likely to reflect the excess demand from traditional investors t...
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格式: | text |
語言: | English |
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Institutional Knowledge at Singapore Management University
2023
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在線閱讀: | https://ink.library.smu.edu.sg/lkcsb_research/7447 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8446/viewcontent/SSRN_id3948407.pdf |
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機構: | Singapore Management University |
語言: | English |