CFA Level I sample question

CFA Level I Introduction to Digital Assets question

Alternative Investments / Introduction to Digital Assets

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Introduction to Digital Assets sample question

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Alternative Investments

Introduction to Digital Assets

Wei Lin wants long-term exposure to the spot price of a cryptocurrency and compares three implementations: holding the coins directly through a qualified custodian, a spot-based exchange-traded product, and a futures-based exchange-traded product. If the cryptocurrency's futures curve is persistently upward sloping, the implementation least likely to track the spot price over a multi-year horizon is:

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