Nekhili, Ramzi; Sultan, Jahangir - In: Borsa Istanbul Review 22 (2022) 4, pp. 641-652
, wheat, cocoa, cotton, sugar, copper, and lean hog can hedge Bitcoin, and the out-of-sample analysis reveals that the DAX … the variance in the in-sample hedged portfolio, and cotton futures offer the highest out-of-sample utility. Copper futures … are the best for in-sample hedging in a long-term horizon, whereas live cattle futures have the best out-of-sample …