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Sponsored Artificial Intelligence: A Modern Approach, Global Edition Artificial Intelligence: A Modern Approach, Global Edition

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P. Albrecht

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Open access Aug 2026

Risk without Reward? The Introduction of Bitcoin Spot ETFs

Our study examines to what extent the introduction of Bitcoin spot exchange-traded funds (ETFs) affected Bitcoin’s properties, including market dynamics, volatility, returns, return distribution, and tracking errors. Using block bootstrap simulations, OLS regression, EGARCH modeling, and non-parametric tests, we find t...

Daniel Pastorek, P. Albrecht · 0 citations

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