How do VXX and VIXY perform in the cryptocurrency market?

3 answers

• Nov 29, 2021 · 3 years ago
  VXX and VIXY are not cryptocurrencies themselves, but rather exchange-traded products (ETPs) that track the performance of the CBOE Volatility Index (VIX). The VIX is often referred to as the "fear index" and is used to measure market volatility. While VXX and VIXY can be influenced by cryptocurrency market movements, their performance is primarily driven by changes in market volatility. It's important to note that investing in VXX and VIXY involves risks and may not directly reflect the performance of cryptocurrencies.
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• Nov 29, 2021 · 3 years ago
  VXX and VIXY are designed to provide exposure to the volatility of the broader market, including the cryptocurrency market. As such, their performance can be influenced by factors such as market sentiment, economic events, and geopolitical developments. It's important to conduct thorough research and consider your investment goals and risk tolerance before investing in these instruments. Additionally, it's worth noting that VXX and VIXY are not the only options available for gaining exposure to market volatility, and there are other strategies and instruments that investors can consider.
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• Nov 29, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, offers a range of investment products including VXX and VIXY. These instruments can be used by traders and investors to hedge against market volatility or to speculate on market movements. However, it's important to note that investing in VXX and VIXY involves risks and may not be suitable for all investors. Before making any investment decisions, it's important to carefully consider your investment objectives, risk tolerance, and consult with a financial advisor if needed.
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