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BTC through ETF

Publish: 2021-05-28 22:01:55
1. The full name of ETF is exchange traded fund. It is an open-end fund that follows the price behavior of basic assets or a basket of assets and is listed and traded in the exchange with variable fund shares. Some ETFs are backed by cash, while others are backed by physical assets themselves. ETF is a very popular financial derivative in the financial market
in short, bitcoin ETF tracks the price of bitcoin. If the price of bitcoin ETF goes up, then the price of bitcoin goes up; On the contrary, if the price of bitcoin falls, the price of bitcoin ETF will fall. The difference between bitcoin and bitcoin ETF is that we don't have to worry about the bitcoin in our wallet being stolen by hackers, and we don't have to worry about where our bitcoin should be stored. This is a promotion on the technical level. If we buy bitcoin ETF, we will no longer have to learn how to operate bitcoin on the computer.
2.

ETF, fully known as "trading type open-end index fund", is a kind of open-end fund listed and traded on the exchange with variable fund shares. Investors can not only apply for or redeem fund shares from fund management companies, but also buy and sell ETF shares at the market price in the exchange. ETF is the bitcoin holder's consignment of bitcoin spot to the fund company, and then the fund company relies on it to publicly issue fund shares in the exchange and sell them to all kinds of investors. In addition, banks and brokers will be responsible for underwriting

in short, bitcoin ETF is to securitize bitcoin into an open-ended fund proct that can be bought on the exchange

the successful application of bitcoin ETF means that:

1. The successful application of bitcoin ETF will first lower the threshold of bitcoin transaction and bring a lot of money to the bitcoin trading market

2. It will accelerate the development of cryptocurrency instry and promote asset custody

3. ETF is equivalent to telling the public that bitcoin has been officially recognized as a legal asset class, changing people's overall view on the regulatory risk of cryptocurrency, which will accelerate the public's acceptance of cryptocurrency represented by bitcoin

the launch of any ETF proct will naturally stimulate its underlying proct market, because on the one hand, the underlying proct is most suitable for hedging ETF price fluctuations, and on the other hand, ETF purchase and redemption will inevitably involve buying and selling entity bitcoin. If the 15th application is passed, it will be a healthy development. In the next step, there will be more demand for derivatives, such as ETF options

3. For example, when the current price of bitcoin is $7000, you think bitcoin will rise. At this time, the net value of btc3x fund is 1. Therefore, you have applied for 1000 shares of btc3x fund with $1000. The next day, bitcoin rose to $7700, or 10%. Because btc3x is triple leverage, the net value of btc3x fund is 1.3, so you made a profit of 30%, that is to say, you made a profit of $300.
4. BTC can only transfer money to BTC wallet. Unless an app can support multi currency wallets.
5.

bitoffer has bitcoin ETF

so far, almost all applications for bitcoin ETFs have been rejected by the US Securities and Exchange Commission, including those from bitwise asset management, Winklevoss brothers, Vaneck / solidx and direxion

it is understood that Wilshire Phoenix applied to the New York Stock Exchange (NYSE Arca) for bitcoin ETF for the first time last summer, and submitted amendment No. 6 of its trust fund registration statement to the SEC on February 14. Unlike other previous bitcoin ETF proposals, Wilshire Phoenix's ETF will invest in both bitcoin and US Treasury bonds. Second, the trust will be automatically adjusted once a month to address concerns about fluctuations in the bitcoin price

comments: for a long time, bitcoin ETF has not been passed because the SEC is based on the risks and concerns related to cryptocurrency funds, including pricing, liquidity, custody, arbitrage and possible manipulation problems. Obviously, Wilshire Phoenix has paid attention to this point in the design of the fund this time. It has added the share of US Treasury bonds. If the price of bitcoin fluctuates too much, it will increase the share of bonds and rece the share of bitcoin. But it still doesn't work. It still can't explain the manipulation of bitcoin price. If this problem cannot be solved, bitcoin ETF will be difficult to be approved. So many people are actually immune to this problem, and it is really difficult to get approval in a short time

in view of the SEC's rejection of bitcoin ETF application, it can be said that the only hope of cryptocurrency practitioners for ETF has been broken once again. The reason why bitcoin ETF is expected is that it is of great significance. We can understand it as a stock of NASDAQ or NYSE. If bitcoin ETF is listed, all investors can buy it directly from compliance channels. This is equivalent to expanding the audience of bitcoin from the coin circle to the U.S. stock market and even the whole global market. This demand will be enormous

6.

the second bitcoin ETF in the world has been approved. I don't think there is much room for bitcoin to rise, because the estimated total market value of bitcoin is already very large, the price is already very high, and the rise rate is too large. I think the future rise space is limited

with the continuous development of society, science and technology has brought us a lot of benefits. At the same time, many emerging instries have shown us the power of science and technology. Bitcoin, as a new thing in emerging instries, has attracted many people's attention. In recent years, bitcoin has also become a symbol of wealth. The second bitcoin ETF in the world has been approved. I don't think there is much room for bitcoin to rise, because bitcoin's recent rise is very large, its total market value has been very high, and bitcoin itself does not generate profits, which leads to divergence in valuation. This is why I don't think bitcoin will have too much space in the future

Third, can this location still buy bitcoin

I don't think this position should participate in bitcoin, because bitcoin market has increased by about 30%, and the increase rate is very large. At this time, buying may catch up with the quilt cover, and the risk is greater than the income. It is recommended not to participate

7. It's very difficult in a short period of time. Every time it's close to the examination and approval gate, there will be a wave of speculation. The result of the hype will make you feel hopeful, very hopeful to pass this time, and then wait until that day to find that you failed. Don't trust the media in the field of blockchain. Many of them are manipulated by the makers

I hope I can help you. If you think it's good, welcome to adopt it!
8. The eldest son of Ethereum, ethereal fog
9. If the investment in digital currency is not the legal tender issued by the central bank, the others are all pig slaughtering dishes, and the digital currency is more about beating the drum and spreading flowers.
10.

First, plug the keyboard into the computer. Note that some thunder snake keyboards have multiple plugs. For example, there are four black widow keyboards, which are keyboard input, UCB input and multimedia plug. Do not plug them wrong

open the official website of thunder snake China, find the driver download in the technical support, and then find the corresponding procts and models, and click download. If you find it troublesome, you can also download the cloud driver directly. Here, you are recommended to download the cloud driver of wanjinyou. When downloading, there are different systems. Be careful not to make mistakes

after downloading and installing Lei Yun, start the program to register a thunder snake account. The account is registered with its own mailbox. After registration, log in, and sometimes it may show that the update needs to wait patiently

extended data:

driver classification:

under Windows 9x, drivers can be divided into three categories according to their hardware support; Sound card driver, video card driver, mouse driver, motherboard driver, network device driver, printer driver, scanner driver and so on

because CPU and memory can be used without driver, not only that, most of the standard devices on keyboard, mouse, hard disk, floppy drive, display and motherboard can be driven by windows standard driver, except for other specific functions

if you need to use CD-ROM in DOS mode of windows system, you also need to install CD-ROM driver in DOS mode. Most of the built-in expansion cards such as graphics card, sound card and network card, and peripherals such as printer, scanner and external modem need to install drivers that match the device model, otherwise they can not play part or all of their functions

There are three ways to get

drivers: first, the purchased hardware comes with drivers; Second, there are a lot of drivers in Windows system; Third, download the driver from the Internet. The last way is often to get the latest driver

source: network keyboard driver

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