Can we talk crypto ETFs & ETF-derivatives: do crypto elements like fixed supply present concerns?

[MrMuppet]

Well here's a dead simple question for ya. Have you worked with a treasury management system at a bank or not, yes or no. I know your time is oh so precious.... or actually your banking experience is limited to your personal banking account, you have no experience in actual wire clearing times, but it hurts you so much to admit it you go the sour grapes route. Again, what you think you're accomplishing by that is the big question?

And if there's anything incorrect I said about the specific ETNs you brought up I'd love to know as well, we'll need to let them know their prospectus is wrong.

I'm working with a treasury management system every day. Short term loans, repos, swap loans, money transfers (ACH, SEPA, Tipanet, Wires). Worked in brokerage and banking for 10 years until I went full time trading.

With regards to the specific ETN I mentioned: do your own research and read the actual prospectus.

 

[Sig]

I'm working with a treasury management system every day. Short term loans, repos, swap loans, money transfers (ACH, SEPA, Tipanet, Wires). Worked in brokerage and banking for 10 years until I went full time trading.

With regards to the specific ETN I mentioned: do your own research and read the actual prospectus.

Since I quoted several sections of the prospectus I've obviously read it. You, not so much. Again, have any specifics to talk about or just a vague superiority complex to share?

If you're working in a treasury management system it's baffling why you would believe wires don't settle for some indeterminate amount of time you've yet to share with us. Again, what bank specifically have you experienced this at, and what is the time to settle a wire then? Maybe this is something that European banks differ from U.S. banks on, because again I see it several times a month. You get awfully thin on specifics when asked specific questions.... interesting that.

 

[MrMuppet]

Since I quoted several sections of the prospectus I've obviously read it. You, not so much. Again, have any specifics to talk about or just a vague superiority complex to share?

If you're working in a treasury management system it's baffling why you would believe wires don't settle for some indeterminate amount of time you've yet to share with us. Again, what bank specifically have you experienced this at, and what is the time to settle a wire then? You're awfully thin on specifics when asked specific questions.... interesting that.

You know what, dude? Discussing with you is like playing chess with a pigeon. No matter which move you pull out of your sleeve, it kicks over all the pieces, shits on the board and claims the win.

Be baffled about the treasury management system, read the goddamn prospectus to actually learn something and enjoy a place on my ignore list.

 

[Sig]

You know what, dude? Discussing with you is like playing chess with a pigeon. No matter which move you pull out of your sleeve, it kicks over all the pieces, shits on the board and claims the win.

Be baffled about the treasury management system, read the goddamn prospectus to actually learn something and enjoy a place on my ignore list.

Simple questions. One would think it would be easier to simply answer rather than going on about how much beneath you the rest of the world is. Apparently not.

 

[ajacobson]

https://www.coindesk.com/cryptocurrency-options-market-makers-bitcoin

 

[Sprout]

Seriously I'm out. I'd have to write a wall of text to explain the same basic stuff again and again and it's just not worth educating the fish.

Just wait another 5 years until everything is setup nicely for retail then go ahead and trade the funky charts and squiggly trend lines.

Please do continue. It’s always benefits the space as a whole when a domain expert drops some knowledge.

Since you make markets in crypto, what’s your opinion on eip-1559 and how it will effect the space?

 

[d0rian]

That should be your last thing to worry about as causing a black swan event. Other, more likely scenarios:
-Elon tweeting about crypto
-China banning crypto mining
-hackers pissing of the US government and the US banning cryptos
-Tether holders trying to cash out
-general exit scam collapsing a brokerage
-etc.etc.

Yes, there are certainly other headwinds for crypto, but none of this is really responsive to the question I posed in the OP, which was specifically about whether traditional market-making processes will port seamlessly to the crypto environment.

https://www.coindesk.com/cryptocurrency-options-market-makers-bitcoin

Thanks for keeping this thread somewhat on track...I was worried we'd lost it to an off-topic 2-person p*ssing match. Interesting article. Though it doesn't really hint at anything atypical owing to differences between crypto and traditional markets; i.e. the gist of the piece seems to be "yeah, MM activities are influencing the price of the underlying just as they do in non-crypto settings." Which is...good/normal/healthy(?) Article does hint that the extreme volatility of crypto may result in traditional MM hedging activities having more extreme effects on the price of the underlying.

 

[Illini Trader]

You know what, dude? Discussing with you is like playing chess with a pigeon. No matter which move you pull out of your sleeve, it kicks over all the pieces, shits on the board and claims the win.

Be baffled about the treasury management system, read the goddamn prospectus to actually learn something and enjoy a place on my ignore list.

Most hilarious post I have ever seen on ET. Good Job.