Pyth Amplifies $218 Million Turnover Claim Tied to BlackRock’s Brazil ETF

Pyth Network amplified a $218 million turnover figure for perpetual futures tied to BlackRock’s Brazil ETF (EWZ); the derivatives-market figure does not measure purchases of the fund’s shares. Turnover measures trading activity in derivatives contracts. It does not show that $218 million flowed into EWZ or how many shares of the fund traders bought. The same distinction applies across real-world-asset perpetual futures , where trading volume does not mean participants bought the underlying stocks or commodities. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost