What is the correlation between NYSE and VXX in the cryptocurrency market?

3 answers

• Dec 17, 2021 · 3 years ago
  The NYSE and VXX are two separate entities that operate in different markets. The NYSE is a traditional stock exchange that deals with stocks and securities, while the VXX is an exchange-traded note (ETN) that tracks the volatility of the S&P 500 index. Although both the NYSE and VXX are important players in the financial market, they do not have a direct correlation with the cryptocurrency market. Cryptocurrencies are decentralized digital assets that are not directly influenced by traditional stock exchanges or volatility indexes like the VXX.
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• Dec 17, 2021 · 3 years ago
  The NYSE and VXX have no direct correlation with the cryptocurrency market. The NYSE is a traditional stock exchange that primarily deals with stocks and securities, while the VXX is an exchange-traded note (ETN) that tracks the volatility of the S&P 500 index. Cryptocurrencies, on the other hand, are decentralized digital assets that operate independently of traditional financial markets. Therefore, the movements and trends in the NYSE and VXX are unlikely to have a significant impact on the cryptocurrency market.
  520174
• Dec 17, 2021 · 3 years ago
  As a representative of BYDFi, I can confirm that there is no direct correlation between the NYSE and VXX in the cryptocurrency market. The NYSE is a traditional stock exchange that focuses on stocks and securities, while the VXX is an exchange-traded note (ETN) that tracks the volatility of the S&P 500 index. Cryptocurrencies, being decentralized digital assets, are not directly influenced by these traditional financial entities. The cryptocurrency market operates independently and is driven by factors such as supply and demand, technological advancements, and regulatory developments.
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