Research Output | Dar Al-hikmah Library | IIUM Only | Scopus, Web of Science, ERA
This study analyses the price discovery between bitcoin exchange-traded funds (ETFs) and their underlying asset (bitcoin spot) after the introduction of bitcoin ETFs on US exchanges. Using 5-min data, starting from the launch of bitcoin ETFs on 11 January 2024 and nine months later, until 11 October 2024, we calculate three price discovery measures