Cryptocurrency Q&A
What does VXX mean?
What does VXX mean?
Michele
Sat Aug 17 2024
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6
answers
808
Could you please explain to me what the acronym VXX stands for in the world of finance and cryptocurrency? I'm particularly interested in understanding its relevance and any specific functions or purposes it serves within the industry. Additionally, I'd appreciate any insights you may have on how it differs from other similar financial instruments or cryptocurrencies, if applicable.
6 answers
KDramaLegendaryStarlight
Mon Aug 19 2024
The VXX ETN is constructed as a portfolio of the front two-month VIX futures contracts. This means that it holds the two nearest monthly expiration futures contracts, which are weighted in a way that changes continuously to reflect the changing market conditions.
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Giulia
Mon Aug 19 2024
One of the key characteristics of the VXX is that it is designed to track the performance of the VIX futures contracts, rather than the actual VIX index itself. This can lead to differences in the performance of the VXX and the VIX index over time.
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JejuJoyfulHeartSoul
Mon Aug 19 2024
The VXX is a financial instrument that belongs to the category of Exchange Traded Notes (ETNs). These are debt securities that are traded on an exchange, similar to stocks, but their performance is linked to a market index or benchmark.
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Raffaele
Mon Aug 19 2024
Among the many cryptocurrency exchanges available, BTCC stands out as a top platform. BTCC offers a range of services, including spot trading, futures trading, and a secure digital wallet for storing cryptocurrencies.
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CoinPrince
Mon Aug 19 2024
The VXX specifically tracks the VIX short-term futures, which are futures contracts that represent the expected volatility of the S&P 500 index over the next 30 days.
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