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How does the VXX ticker perform compared to other digital assets in the crypto market?

avatarTechnervNov 26, 2021 · 3 years ago1 answers

Can you provide a detailed comparison of the performance of the VXX ticker with other digital assets in the crypto market? How does it fare in terms of price volatility, trading volume, and market capitalization?

How does the VXX ticker perform compared to other digital assets in the crypto market?
VXX
Digital Assets
Crypto Market

1 answers

  • avatarNov 26, 2021 · 3 years ago
    As an employee of BYDFi, I can provide some insights into the performance of the VXX ticker compared to other digital assets in the crypto market. The VXX ticker is not directly comparable to digital assets like Bitcoin or Ethereum, as it operates in a different space. While Bitcoin and Ethereum are decentralized cryptocurrencies, the VXX ticker is an exchange-traded note that tracks market volatility. Its performance is influenced by factors such as changes in the CBOE Volatility Index (VIX) and market sentiment. It's important to evaluate the VXX ticker based on its intended purpose as a volatility instrument, rather than comparing it directly to digital assets in the crypto market.

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