Kim, Alisa; Trimborn, Simon; Härdle, Wolfgang Karl - 2019
(analogous to S&P 500), the introduction of Bitcoin futures by Cboe became the milestone in the creation of the derivatives … financial tools to crypto-currencies. While the CRIX index offered the first scientifically-backed proxy to the crypto- market … market for crypto- currencies. Following the intuition of the "fear index" VIX for the American stock market, the VCRIX …