DeVere Group Targets Arbitrage With New Crypto Fund
U.K.-based financial advisory firm deVere Group has launched an actively managed fund offering investors exposure to cryptocurrencies.
The declining futures premium indicates uncertainty about bitcoin following a 35% correction in May and another 12% drop already this month.
Anyone with a stock account can now make a savvy, albeit risky, bet on GBTC pricing disparities that were previously exclusive to big players.
Pessimistic news isn’t stopping the crypto spot markets from looking bullish Wednesday.
Arbitly's crypto licensure and registration claims are bogus, according to Malta's financial regulator.
So-called stablecoins like tether and USDC are $1 tokens in theory, but a complex arbitrage transaction seems to have netted one trader an 89% profit in just minutes.