Who’s Writing Calls: Hedge Funds and Prop Trading

Subscribe to the Blockspace newsletter!

Welcome back to The Mining Pod! Today, Jean-Marie Mognetti, CEO of CoinShares, joins us to talk about the financialization of Bitcoin following the ETF launches. We dive into how derivatives and call overwriting could be compressing volatility and changing price action. He also breaks down the cultural and regulatory differences stifling European adoption compared to the US, and why Bitcoin's ultimate success might be a "bittersweet" signal of global sovereign debt failure.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

**Notes:**

Notes:

* EU ETF market 10x smaller than US

* Bitcoin futures in contango

* Spot liquidity is currently thin

* Options market suppressing volatility

* US dominates global crypto trading

* Sovereign debt cycles are failing

Timestamps:

00:00 Start

02:51 Current BTC volatility

07:29 Options market wagging the dog

09:33 Financialization of Bitcoin

14:23 Who's using call options?

15:52 Market changes due to ETF?

18:03 JPM 1.5x levered ETF

18:53 European ETF market

25:31 European ETF flows

29:24 What is holding institutions back?

31:14 Are DATs dead?

👉CleanSpark, America's Bitcoin Miner!

CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.

👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation

FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute.

👉 Luxor, Leaders In Bitcoin Mining and Compute Power!

Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

Learn more about your ad choices. Visit megaphone.fm/adchoices