The Effect of the Launch of Bitcoin Futures on the copyright Market: An Economic Efficiency Approach

The Effect of the Launch of Bitcoin Futures on the copyright Market: An Economic Efficiency Approach

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We analyze the economic efficiency of the copyright market Bundle after the launch of Bitcoin futures by means of the Data Envelopment Analysis and Malmquist Indexes.Our results show that the introduction of Bitcoin futures did not affect the economic efficiency of the copyright market.However, we Hoodie observe that Bitcoin obtained the highest risk-return trade-off due to its liquidity compared to the rest of cryptocurrencies.

Therefore, our paper underlines the support of investors on Bitcoin to the detriment of the rest of cryptocurrencies.