The ETF would buy and dispose of blockchain-based carbon credit tokens to account for the emissions associated with its bitcoin holdings.
Seasoned traders sell options when the implied volatility is high and buy when volatility is low.
The billionaire hedge fund boss sees an inflationary future where “cash is trash” and BTC catches on as a store of wealth. He still doubts governments will tolerate it.
BTC re-tested minor support around $30,000 over the weekend, but stronger support is seen around $27,000.
The battered crypto market is showing signs of life amid bargain hunting by wealthy investors.
For crypto investors who have been in the market a while, volatility is not a bug – it's a feature.
Even if Huobi is the specific catalyst for today's plunge, it's just the latest negative news in the sector that has been battered in the last few weeks.
The exchange made the move on the heels of a series of crackdown notices from Bejing in recent weeks.
The global derivatives giant improves from fifth place earlier this week. Binance ranks first.
Within two hours of the State Council statement, BTC fell 11%, based on CoinDesk 20 data.
The discount is the difference between the price of the underlying bitcoin asset and the value implied by the price of the trust’s shares.
The latest news extended bitcoin's streak of wild price gyrations this week.
BTC held support around $30K and upside appears limited towards $45K with high volatility into the weekend.
Bitcoin outflows from over-the-counter desks spiked, signaling dip-demand from institutional investors.
The firm said it would pay a small percentage of fees to start offsetting carbon emissions.