Fir tree short tether
WebFir Tree’s short bet thesis is reportedly based on the expectation that Tether’s commercial paper holdings will suffer a significant decline in value thanks to China's ongoing real estate crisis. As such, the $4 billion hedge fund expects … WebMar 11, 2024 · Fir Tree Capital Management, a $4 billion hedge fund, is shorting Tether as the largest stablecoin in crypto faces down scrutiny from regulators.. According to clients of the firm and reported by Bloomberg, Fir Tree has constructed a way to short Tether in an “asymmetric trade.”In other words, the risk is minimized and the potential to generate …
Fir tree short tether
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WebTether's latest quarterly attestation (take it for what you will) reveals that they held at least $24 billion worth of commercial paper at the end of 2024. Putting all of this together, it's fairly clear that Fir Tree's expected catalyst is related to … WebMar 11, 2024 · Fir Tree is betting that its short wager could see a payday within 12 months and its thesis against Tether centers around the coin’s roughly $24 billion in high-yield …
WebApr 6, 2024 · Fir Tree’s short wager was first revealed last month by Bloomberg News, which noted that previous efforts to short Tether by other hedge funds found no takers. … WebMar 11, 2024 · The hedge fund Fir Tree Capital Management’s investors claim it has developed a method to short the stablecoin tether. A report notes that “clients of the firm” said the potential to reap big rewards from shorting the world’s largest stablecoin is great. Investors Say Hedge Fund Devised a Method to Short Tether, Fir Tree Bets […]
WebMar 11, 2024 · Fir Tree is betting that its short wager could see a payday within 12 months and its thesis against Tether centers around the coin’s roughly $24 billion in high-yield … WebIf you go long USDT/BTC and short USD/BTC you'll effectively be short usdt and long usd. Put the same leverage on both and you are good to go i guess (10x leverage would effectively be 5 times since you'll have to manage 2 margins). Keep in mind this construction has exposure to counterparty risks and you need to be able to rebalance the margins.
WebShort sellers bet Tether, crypto’s central bank, is vulnerable to a run Published: April 3, 2024 at 11:43 p.m. ET By Peter Rudegeair comments Tether says it has conservative investments,...
WebMar 11, 2024 · Investors say hedge funds devised a way to short Tether, Fir Tree bets shorts will pay off in 12 months. Market valuation pegged to stablecoin Tether (USDT) on March 6, 2024 beyond $80 billion mark. Tether is the largest stablecoin by market cap, accounting for 4.43% of the entire crypto-economy value ($1.8 trillion) as of March 11, … how do you say jeffrey in spanishWebMar 11, 2024 · Investors Say Hedge Fund Devised a Method to Short Tether, Fir Tree Bets Short to Pay off in 12 Months. On March 6, 2024, the market valuation tied to the stablecoin tether surpassed the $80 billion mark. Tether is the largest stablecoin by market capitalization and it represents 4.43% of the entire crypto economy’s worth ($1.8 trillion) … how do you say jason in frenchWebMar 11, 2024 · by March 11, 2024, 11:31AM EST · 1 min read advertisement New York-based hedge fund Fir Tree Capital Management has reportedly placed a short bet on tether, citing question marks over the level of reserves backing the popular stablecoin.2024 study , ecologist Sunitha Pangala, then at the Open University in the United Kingdom, … phone number to taxact customer serviceWebMar 11, 2024 · Fir Tree Capital Management is making a substantial short wager on Tether, the stablecoin that’s under intense scrutiny from regulators. The $4 billion hedge fund, founded by Jeff Tannenbaum , constructed a way to short Tether in an asymmetric trade, meaning the downside risk is small and potential to make money is great, … how do you say jennifer in spanishWebnsfw. Fir Tree Capital Management, a $4 billion hedge fund, is shorting Tether's stablecoin USDT as the cryptocurrency's most valuable stablecoin faces regulatory scrutiny. According to Bloomberg, Fir Tree has established a way of shorting USDT in an “asymmetrical transaction,” according to the firm’s clients. phone number to test microphoneWebMar 11, 2024 · The hedge fund Fir Tree Capital Management’s investors claim it has developed a method to short the stablecoin tether. A report notes that “clients of the … phone number to teachers federal credit unionWebMar 16, 2024 · Hedge fund Fir Tree Capital has opened a Tether (USDT) short and expects it to pay off sometime over the next 12 months, reports Bloomberg. Fir Tree … phone number to tell time