Advanced search
Publication Cover
Applied Economics Letters Volume 27, 2020 - Issue 16
Submit an article Journal homepage
247
Views
2
CrossRef citations to date
0
Altmetric
Research Article

On prices and premiums of Bitcoin Investment Trust

Johnny K.H. KwokDepartment of Economics & Finance, The Hang Seng University of Hong Kong, Shatin, Hong KongCorrespondence[email protected]
Pages 1323-1326 | Published online: 11 Oct 2019

References

  • Ackert, L., and Y. Tian. 2000. “Arbitrage and Valuation in the Market for Standard and Poor’s Depository Receipts.” Financial Management 29 (3): 71–87. doi:10.2307/3666230.
  • Almudhaf, F. 2018. “Pricing Efficiency of Bitcoin Trusts.” Applied Economics Letters 25 (7): 504–508. doi:10.1080/13504851.2017.1340564.
  • Baek, C., and M. Elbeck. 2015. “Bitcoins as an Investment or Speculative Vehicle? A First Look.” Applied Economics Letters 22 (1): 30–34. doi:10.1080/13504851.2014.916379.
  • Carrick, J. 2016. “Bitcoin as a Complement to Emerging Market Currencies.” Emerging Markets Finance and Trade 52 (10): 2321–2334. doi:10.1080/1540496X.2016.1193002.
  • Charteris, A. 2013. “The Price Efficiency of South African Exchange Traded Funds.” Investment Analysts Journal 42 (78): 1–11. doi:10.1080/10293523.2013.11082558.
  • Ciaian, P., M. Rajcaniova, and D. A. Kancs. 2016. “The Economics of Bitcoin Price Formation.” Applied Economics 48 (19): 1799–1815. doi:10.1080/00036846.2015.1109038.
  • De Long, J. B., A. Shleifer, L. Summers, and R. J. Waldmann. 1990. “Noise Trader Risk in financial Markets.” Journal of Political Economy 98 (4): 703–738. doi:10.1086/261703.
  • Delcoure, N., and M. Zhong. 2007. “On the Premiums of Ishares.” Journal of Empirical Finance 14 (2): 168–195. doi:10.1016/j.jempfin.2005.12.004.
  • Elton, E., G. Comer, and K. Li. 2002. “Spiders: Where are the Bugs?” Journal of Business 75 (3): 453–472. doi:10.1086/339891.
  • Engle, R. F., and C. W. J. Granger. 1987. “Cointegration and Error Correction: Representation, Estimation and Testing.” Econometrica 55: 251–276. doi:10.2307/1913236.
  • Jares, T., and A. Lavin. 2004. “Japan and Hong-Kong Exchange-traded Funds (ETFs): Discounts, Returns and Trading Strategies.” Journal of Financial Services Research 25 (1): 57–69. doi:10.1023/B:FINA.0000008665.55707.ab.
  • Johansen, S. 1988. “Statistical Analysis of Cointegrating Vectors.” Journal of Economic Dynamics and Control 12: 231–254. doi:10.1016/0165-1889(88)90041-3.
  • Lin, C., S. Chan, and H. Hsu. 2005. “Pricing Efficiency of Exchange Traded Funds in Taiwan.” Journal of Asset Management 7 (1): 60–68. doi:10.1057/palgrave.jam.2240202.
  • Newey, W. K., and K. D. West. 1987. “A Simple Positive Semi-definite Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimator.” Econometrica 55: 703–708. doi:10.2307/1913610.
  • Pontiff, J. 1997. “Excess Volatility and Closed-end Funds.” American Economic Review 87: 155–169.
  • Wong, K. H. Y., and W. C. Shum. 2010. “Exchange-traded Funds in Bullish and Bearish Markets.” Applied Economics Letters 17 (16): 1615–1624. doi:10.1080/13504850903085035.
  • Wu, C. Y., and V. K. Pandey. 2014. “The Value of Bitcoin in Enhancing the Efficiency of an Investor’s Portfolio.” Journal of Financial Planning 27 (9): 44–52.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.