4 Reasons Not to Invest in Bitcoin Futures ETFs – CoinDesk

4 Reasons Not to Invest in Bitcoin Futures ETFs – CoinDesk

In the movie “The Big Short,” you may remember how the protagonists (who had long predicted that the mortgage-backed securities would blow up markets) experienced a peculiar kind of angst as their trades were finally vindicated, only to find their profits in jeopardy as cascading failures blew up their counterparties. FrontPoint Partners, in particular (the team led by Steve Carell’s character), found themselves in the surreal position of their own parent bank becoming insolvent from its exposure to derivatives FrontPoint had shorted heavily.