Tom Shohfi

🚨New paper alert!🚨 How Does Payment for Order Flow Influence Markets? Evidence from Robinhood Crypto Token Introductions - In short, crypto assets become more volatile & expensive to trade following Robinhood's introduction of new tokens on its platform papers.ssrn.com/sol3/papers.cf…

$SLV's recent returns are just absurd.. who are these people(in my Seinfeld voice)? Barely any flows tho, only $1b over past 6mo. Meanwhile $IBIT is down 24% and over $6b of inflows. IMO that's really good sign for bitcoin long-term. Any rando ETF can take in cash when life is great but doing it in during a prolonged rough patch is something only stud ETFs do.

I don't know who needs to hear this, but, oh my, Claude is a million times better at writing Python code than ChatGPT. #claudecode #chatGPT #python

My research with Tom Boulton, Ben Miller, and Michael Walz is featured in this article. PFOF rates for Robinhood crypto are actually 10.5 (105) times higher than options (equities)! See the full paper at papers.ssrn.com/sol3/papers.cf… #Citadel #Crypto #PFOF #Bitcoin #Ethereum

This is why one must HODL! $ETH $BTC #Bitcoin #Ethereum

🚨New paper alert!🚨 This new version of a paper titled "Special Conference Calls" is now available on SSRN. The work is with my former PhD student Wenyao Hu. We examine the use of this relatively, but popular, new corporate disclosure using topic analysis papers.ssrn.com/sol3/papers.cf…

🚨New paper alert! 🚨This paper, recently uploaded to SSRN, is work with my former DERA @SECGov colleague Kali Chowdhury (who has largely driven the paper). We examine the impact of bitcoin exchange traded fund introduction on the spot bitcoin market. papers.ssrn.com/sol3/papers.cf…

"New" paper alert! During my time at the SEC, I worked with Larry Harris and Louis Craig to revise Larry's work on Riskless Principal Transactions (RPTs) using regulatory TRACE data (i.e., using MPIDs to identify market participants and matching RPT pairs) sec.gov/about/division…

fox2detroit.com/video/1677526 Tom Shohfi talks about the GENIUS Act, what's next for cryptocurrency and more | FOX 2 Detroit

The stock market is plunging. The US financial market spiraled after President Donald Trump imposed tariffs on Thursday, with fear and uncertainty being felt from Wall Street to Main Street. fox2detroit.com/news/trump-tar…

"Retail traders keep buying the dip — and they keep getting burned" - As our research shows, you're better of DCAing than trying to time the market! papers.ssrn.com/sol3/papers.cf… msn.com/en-us/money/ma…

Go Birds! “Could an Eagles Super Bowl victory tank the stock market? History says yes, but logic says no” cnb.cx/3QaPTb4

Deepseek R1 servers are completely busy, and people think we need fewer GPUs

I wrote this post about Super Bowl portfolios 7 years ago. Now that the @Eagles are back in the big game (and on a day like today in the markets), the short Philadelphia portfolio seems relevant again. talkmarkets.com/content/invest…

@joshua_t_white They have been taking a lot longer recently to approve submissions.

See my commentary @wilxTV "The Bitcoin Bounce: Cryptocurrency surges following election". Both volatile, but #Ethereum is better value than #Bitcoin at this point. In 5 years, $BTC +1300% vs 150% for $ETH. Yet $ETH trades at <1/25 price at only 1/6 supply wilx.com/2024/12/06/bit…

Thanks to @FOX2News #Fox2Detroit for featuring me during "The Interview" last Sunday to discuss crypto, regulation, and the economy. $BTC $ETH #Bitcoin #Ethereum #SEC #crypto #regulation @IlitchBusiness msn.com/en-us/video/mo… Happy Thanksgiving!

If you're buying $BTC #bitcoin or other tokens through Robinhood, you should know that you are likely paying more because of their payment for order flow model. Wholesalers can execute around 1% away from market prices which comes out of your pocket.

Read more about how Professor of Finance Tom Shohfi is trying to demystify cryptocurrency through his research with the SEC, and with the Ilitch School. buff.ly/3YCEaWS #IlitchBusiness #WayneState #WayneStateUniversity #DistrictDetroit #Detroit #BusinessSchool

The #cryptocurrency market has surged past $2 trillion, but research in this fast-evolving field remains limited. Leading researcher @tomshohfi of @IlitchBusiness helps others navigate the evolving space with greater clarity. go.wayne.edu/1d08915