WebApr 4, 2024 · Short sellers are betting against a cryptocurrency whose price shouldn’t move. A few investment firms, including Fir Tree Partners and Viceroy Research LLC, have placed substantial bets in recent months that the price of tether will fall, according to people familiar with the matter. Tether is the most popular currency for trading bitcoin and is supposed … WebTether's latest quarterly attestation (take it for what you will) reveals that they held at least $24 billion worth of commercial paper at the end of 2024. Putting all of this together, it's fairly clear that Fir Tree's expected catalyst is related to …
Hedge Fund Fir Tree Bets Big With Short of Stablecoin Tether (1)
WebMar 11, 2024 · 11 March 2024. According to a Bloomberg report released Friday, hedge fund Fir Tree Capital Management, who have $4 billion in assets under management, … WebMar 11, 2024 · by March 11, 2024, 11:31AM EST · 1 min read advertisement New York-based hedge fund Fir Tree Capital Management has reportedly placed a short bet on tether, citing question marks over the level of reserves backing the popular stablecoin.2024 study , ecologist Sunitha Pangala, then at the Open University in the United Kingdom, … move web hosting
Tether attracts attention from short-sellers Fir Tree and Viceroy
WebMar 11, 2024 · Fir Tree Capital Management, a $4 billion hedge fund, is shorting Tether as the largest stablecoin in crypto faces down scrutiny from regulators.. According to clients of the firm and reported by Bloomberg, Fir Tree has constructed a way to short Tether in an “asymmetric trade.”In other words, the risk is minimized and the potential to generate … WebMar 11, 2024 · Fir Tree Capital Management is making a substantial short wager on Tether, the stablecoin that’s under intense scrutiny from regulators. The $4 billion hedge … WebJan 1, 2024 · Bloomberg reported in March 2024 that Fir Tree, a hedge fund with $4 billion in assets under management, has taken a short position against Tether. At the time, the hedge fund even noted its willingness to … heather allen facebook