How Does VelocityShares’ ZIV Work?

Update Effective July 2nd ZIV stopped trading on national exchanges (press release). The issuer, Credit Suisse (CS) halted share creations effective July 3rd but is not terminating the fund. They reserve the right to do so but don’t have to until 2030. ZIV is currently trading on OTC exchanges, e.g., OTCMarkets.com and is currently trading pretty close to its IV price, the theoretic value of …

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1.5X UVXY & -0.5X SVXY Open/High/Low/Close values starting March 2004

Some volatility trading systems use intra-day open, high, low (OHL) prices as part of their algorithms for determining when to trade. UVXY and SVXY didn’t start trading until late 2011—just after the 2011 correction and well past the 2008/2009 bear market so there’s no actual trade data from those important downturns. To fill that deficiency I did some simulations a few years ago using the …

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How Do Bitcoin Futures Work?

The CME and Cboe/CFE, two large, well respected, USA regulated futures exchanges, recently started trading Bitcoin futures. These venues make it possible to trade on Bitcoin’s value without being exposed to the uncertainties of the mostly unregulated Bitcoin exchanges. To understand Bitcoin futures you need to recognize, among some other things, that these futures are not in the business of predicting Bitcoin’s price. Bitcoin Futures are …

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Free Bitcoin/Bitcoin Futures/GBTC Quotes, Charts, & Historical Data

Finding quotes and historical data for Bitcoin, Bitcoin futures, Bitcoin options can be an adventure.  Below I’ve assembled links to the online resources that I’ve been able to find. In many cases, data is available from multiple sources.  I did not attempt to list all of them. BTC Quotes Yahoo Finance (BTC-USD) Does not identify which exchange (s) it is using Shows market cap, supply, volume …

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How do VelocityShares’ EVIX and EXIV Work?

Update UBS decided to shutdown their EVIX & EXIV long / inverse volatility funds that are based on the European VSTOXX volatility futures effective April 9, 2020   I suspect this occurred because they never gathered enough assets to be profitable. In May 2017 VelocityShares introduced two volatility funds, EXIV and EVIX, which track European volatility futures.  In digging into these funds I’ve encountered a dense …

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