Futures | Six Figure Investing

How Does BITX, Volatility Shares’ 2X Leveraged Bitcoin Strategy Fund Work?

February 19, 2024July 24, 2023 by Vance Harwood

On June 27th, Volatility Shares introduced BITX, the first 2X leveraged Bitcoin Exchange Traded Fund. This post will review BITX’s architecture, operational characteristics, likely risks, possible rewards, and potential trading strategies. A simulation of BITX back to 2014 provides some data on how this Exchange Traded Fund (ETF) might perform in the future. Before we get into the specifics of how BITX works, I’m disclosing …

Benn Eifert’s Podcasts on Finance

January 17, 2023January 14, 2023 by Vance Harwood

Benn Eifert’s contributions to the field of finance are impressive but can be hard to find. I’ve compiled links to some of his podcasts below. I’ve collected links to some of his tweets and blog posts also. Podcasts

Volatility White Papers and Presentations

December 7, 2023September 10, 2018 by Vance Harwood

Below I’ve collected links to some of my favorite white papers and presentations on volatility. I’ve organized them in the following categories: Volatility Concepts & Volatility Trading Probability Distributions—Normal and Otherwise The VIX and VIX Futures Volatility Contagion—Will Short Volatility Destroy the World? Variance Swaps—the Technology That Underlies VIX & VIX Futures For an index of my 60+ posts on volatility see here. Volatility …

How Do Bitcoin Futures Work?

June 27, 2023January 20, 2018 by Vance Harwood

The CME, a well-respected, USA-regulated futures exchange, has been trading BitCoin futures since December 2017. These futures 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 Not Trying …