When we made $BVOL we were hoping to set the industry standard volatility product. So I'm super excited to see its increasing adoption recently, with steady creations!
And as BTC volatility hits all-time lows, $iBVOL hits all-time highs:
ftx.com/trade/IBVOL/USD
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This product would need super high leverage to be worth trading. Only would move a couple points a month. The books would need to be insanely thick.
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does it really tracks volatility of it just changes with supply and demand?
$BVOL is absolutely broken, look at it. Fundamentally makes no sense. Doesnt even come close to tracking volatility. First of all it's short btc, so it should say "tracks downside volatity", but that doesn't even work. Do a look back and even on 1k down candles it barely moves up