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: HUANG, Lei, LIN, Tse-Chun, LU, Fangzhou, SUN, Jian
格式: text
語言:English
出版: 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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