All choices are between (Bitcoin, Ethereum & Ripple)
1. Which of the three cryptocurrencies would you invest in. Why? (10 points)
2. Your fund has a $5 million position in the two cryptocurrencies you picked. You are told to hedge each position using bitcoin. Assuming you can sell bitcoin short, how much would you sell to hedge each cryptocurrency? Why? (20 points)
3. You are told to devise a relative value trade where you buy one cryptocurrency and sell another cryptocurrency. What do you buy, what do you sell, what is the ratio of the two? Why did you pick this? (20 points)
