Crypto ETFs gatecrash the US Treasury repo market
Counterparty Radar: Volatility Shares tapped $13 billion in repo funding in Q2
Crypto exchange-traded funds (ETFs) were among the largest users of US Treasury repos in the second quarter of this year.
Volatility Shares, which manages a range of crypto ETFs, executed $13 billion in reverse repo transactions in the three months to June 31, making it the largest repo borrower among US mutual funds and ETFs over this period.
The transactions, which were cleared at the Fixed
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