Rajarshi Mitra
Independent Analyst
- One of the largest hedge funds in the world, Renaissance Technologies, is eyeing the Bitcoin futures market.
- The company manages $166,000,000,000 in regulatory assets.
- Renaissance noted that it would limit its trading activities to contracts traded on the Chicago Mercantile Exchange.
Renaissance Technologies, the firm that manages around $166 billion in regulatory assets, will soon be venturing into Bitcoin futures. In a recent filing with the US Securities and Exchange Commission (SEC), the company revealed that it has green-lighted its $10-billion flagship Medallion fund to enter the Bitcoin futures market.
Renaissance Technologies acknowledged the risks associated with Bitcoin investments and described the leading crypto as a relatively new and speculative asset. This was stated due to the asset’s limited history, decentralized system, lack of recognition as a legal tender and its potential to power fraudulent transactions.
Investment results may vary substantially over time. These instruments involve substantially more risk and potential for loss relative to more conventional financial instruments.
Investments of this type should be considered substantially more speculative and significantly more likely to result in a total loss of capital than many other investments.
Renaissance Technologies noted that it is limiting crypto trading activities to Bitcoin futures contracts on the Chicago Mercantile Exchange (CME). Bitcoin futures on the CME are cash-settled and do not involve the actual exchange of BTC.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ethereum dips slightly amid Renzo depeg, BlackRock spot ETH ETF amendment
Ethereum (ETH) suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH (ezETH) crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective (INJ) price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
US intensifies battle against crypto privacy protocols following crackdown on Samourai Wallet
CEO Keonne Rodriguez and CTO William Lonergan of Samourai Wallet were arrested by the US Department of Justice (DoJ) on Wednesday and charged with $100 million in money laundering on a count and illegal money transmitting on another count. This move could see privacy-focused cryptocurrencies take a dip.
Near Protocol Price Prediction: NEAR fulfills targets but a 10% correction may be on the horizon
Near Protocol price has completed a 55% mean reversal from the bottom of the market range at $4.27. Amid growing bearish activity, NEAR could drop 10% to the $6.00 psychological level before a potential recovery. A break and close above $7.95 would invalidate the downleg thesis.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?