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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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2023
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| Subjects: | |
| Online Access: | 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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| Institution: | Singapore Management University |
| Language: | English |
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