Hedging and safe haven properties of Ethereum: evidence around crises

Kassamany, Talie; Harb, Étienne; Baz, Roland

doi:10.1080/12460125.2022.2133281

Cited by 3 publications

(1 citation statement)

References 32 publications

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“…Based on our analysis, we suggest employing NFTCs as a hedge against stock market fluctuations. We may conclude that using any other cryptocurrency (such as Ethereum) in place of Bitcoin might not have provided better results, as previous research has showed that Bitcoin exhibits better hedge property compared to Ethereum against equity market fluctuations (Kassamany et al, 2022;Ustaoglu, 2022). However, a detailed study of altcoins (cryptocurrencies other than Bitcoin) including stablecoins as potential hedge instruments may be required to provide a detailed explanation.…”

Section: Discussionmentioning

confidence: 96%

Are non‐fungible token coins a good hedge against the stock market volatility?

Kumar

Rao

2023

Australian Economic Papers

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We test the hedge property of non‐fungible token (NFT) coins against equity market fluctuations and compare it with the hedge property of Bitcoin. We employ daily the returns of Bitcoin; three NFT coins, namely Theta, Enjin Coin and Decentraland, and three equity market indices: S&P 500, NASDAQ and CAC 40, ranging from 18 January 2018 to 12 January 2021. We estimate the hedge effectiveness of the three NFT coins and Bitcoin against stock market fluctuations. Our results suggest that NFT coins are a better hedge against equity market fluctuations than Bitcoin.

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Section: Discussionmentioning

confidence: 96%

Are non‐fungible token coins a good hedge against the stock market volatility?

Kumar

Rao

2023

Australian Economic Papers

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To the moon with Dogecoin! Disentangling the causalities behind extrinsic and intrinsic motivations for memecoin investments

Anton,

Aptyka,

Oesterreich

et al. 2024

Journal of Decision Systems

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Testing Safe Haven Assets for Türkiye in the Covid-19 Period

Daştan,

Dagli

2024

Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi

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The aim of this study is to examine whether the assets known as safe-haven assets during crises fulfill these qualities for equity investors in Turkey during the Covid-19 pandemic. According to the results obtained under the assumption of GJR-GARCH (1,1) error terms, no asset has shown safe-haven characteristics against the stock market. However, when the BIST100 index depreciates by 5%, Ethereum, silver and Government Bonds show strong safe-haven characteristics, US dollar and Euro show weak safe-haven characteristics. When the BIST100 index depreciates by 2.5%, Bitcoin, gold and DJIMTR show weak safe haven asset characteristics. If BIST100 depreciates by 1%, gold and Government Bonds show strong safe-haven characteristics, and Bitcoin, Ethereum, Silver, the US dollar and Euro show weak safe-haven characteristics.

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Hedging and safe haven properties of Ethereum: evidence around crises

Cited by 3 publications

References 32 publications

Are non‐fungible token coins a good hedge against the stock market volatility?

Are non‐fungible token coins a good hedge against the stock market volatility?

To the moon with Dogecoin! Disentangling the causalities behind extrinsic and intrinsic motivations for memecoin investments

Testing Safe Haven Assets for Türkiye in the Covid-19 Period

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