WebMar 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, … WebMar 11, 2024 · Fir Tree Capital Management is making a substantial short wager on Tether, the stablecoin that’s under intense scrutiny from regulators.
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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, … 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. simons hane beaufort sc
Hedge Fund Fir Tree Makes Big Short Bet Against Tether …
WebMar 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 … Web2/ Fir Tree is a hedge fund with ~$3 Bn in AUM and hundreds of holdings. SEC 13F filings show Fir Tree holds First Citizen's Bank, KKR, Comcast, and hundreds of other securities. They are heavy investors in Oil & Tobacco. These are deep value investors. - Twitter thread by Ram Ahluwalia, higher for longer crypto CFA @ramahluwalia - Rattibha WebApr 5, 2024 · Tether, a popular cryptocurrency for trading bitcoin which is supposedly pegged to the value of the dollar, has attracted the attention of short-sellers including Fir … simon shand chef