LATEST: ⚡ Robinhood announced it will establish a futures and derivatives exchange via a joint venture with Susquehanna to expand its prediction markets offerings, with the new exchange expected to begin operations in 2026. https://t.co/4tZXuIfJE1 ...

Core Insights - The investment philosophy focuses on deep fundamentals, impactful narratives, and Austrian economics, with a primary emphasis on long-horizon research in digital assets and macroeconomic trends [1] - Short-horizon research is directed towards options and volatility for income generation and hedging purposes [1] Digital Assets - Long-horizon research will prioritize digital assets as a key area for investment opportunities, reflecting a global macro view [1] Macroeconomic Considerations - A global, long-run macro perspective serves as the foundation for investment considerations, indicating the importance of macroeconomic factors in shaping investment strategies [1] Derivatives - Short-horizon strategies will utilize options and volatility to generate income and provide hedging against market fluctuations [1]

Every chain wants perps.Few can handle them.Sui’s low latency and native composability are enabling designs no other chain can touch.Here’s how five teams are pushing onchain derivatives forward 👇 ...

Deutsche Boerse and Nasdaq risk hefty EU fines after the bloc’s antitrust watchdog opened a full-scale investigation into a suspected cartel linked to listing, trading and clearing of derivatives https://t.co/t6mWgSGPLh ...

Brad Garlinghouse was just announced to be a speaker at an upcoming XRP event scheduled for February 27th of 2026, aka XRP Australia from Wave of Innovation. This is definitely going to be a very exciting event. I recently talked about it in a video um recently as well.So, I'm excited for this one, especially considering the fact that it's very similar to like XRP Apex where we will see a lot of great discussions around the XRP ecosystem, what's coming, what's happening, and really kind of what's just plann ...

Derivatives allowing investors to bet against Meta’s bonds began actively trading for the first time this week, as money managers and banks look to hedge their exposure to an industry that has been piling on debt to pay for AI investments https://t.co/sEDPoD7IOM ...

Wall Street analysts stay bullish on Coinbase after strong Q3, point to derivatives and stablecoins as next growth drivers https://t.co/CMGwd63PT4 ...

Hyperliquid and BNB Chain capture majority of L1 fees as Solana fades amid derivatives boom https://t.co/5wdYg9cK7n ...

Market Overview - Bitcoin (BTC) has seen a slowdown in momentum after reaching a record high, currently trading above $111,000, up 2% over the last week, but down from a recent peak of over $126,000 [1] - The market is experiencing capital rotation from spot markets to derivatives, with volatility becoming the main traded asset [2][6] Market Sentiment - Glassnode indicates that repeated breakdowns below key quantiles suggest market exhaustion, while CryptoQuant notes shrinking realized profits and drained exchange inflows [2] - Short-term holders' cost basis is around $113,000, which is critical for determining market strength; falling below this level could lead to losses for recent buyers [3] Selling Pressure - Long-term holders have been selling at a rate exceeding 22,000 BTC per day since July, contributing to a lack of momentum and hindering recovery efforts [4] - ETF inflows have cooled, and exchange reserves are rising, indicating that traders are preparing to sell rather than accumulate [5] Capital Rotation - The current market dynamics reflect a rotation of capital within crypto, with liquidity moving towards futures and options markets where volatility premiums have increased [6] - Market makers are hedging to maintain delta neutrality, which is smoothing short-term price action and capping rallies due to elevated volatility and heavy put demand [7]

ETF Market Trends & Innovation - ETFs are providing access to strategies previously unavailable to common investors, such as covered call and option premium strategies [2] - Explosive growth is seen in specific market segments like precious metals (gold) and cryptocurrencies (Bitcoin) [4] - Alternative assets, including precious metals and crypto, are increasingly being adopted into mainstream investment portfolios to diversify and find uncorrelated assets [6] - Product innovation is driven by new demand, with a focus on active ETFs and derivative strategies [8][9][12] - The industry has shifted towards active ETFs, with new entrants differentiating themselves through innovative product offerings [10][11][12] Fees & Performance - While passive ETFs have seen fee compression, active ETFs can support higher fees due to the increased workload [14][15] - Higher fees for active management put pressure on managers to deliver performance [15][16] - The ETF fees should be compared to other industries like structured notes or hedge funds, where similar profiles or payoffs may come at a higher cost (e g, 2 and 20 in hedge fund wrapper) [17] - There's increased tolerance for fee elasticity, especially if end-users can access high-octane active management [17] Due Diligence & Risk - Due diligence conversations have increased due to the complexity of new ETF products using options, leverage, and swaps [18] - Clients are interested in how these new alternative-based ETF products function within their overall portfolio and their risk-return profile [18] - Investors are seeking to understand the potential systemic risks associated with the rapid pace of ETF innovation and launches [19][20]