Is Ethereum ETF good or in stock
2. The circulation of next year will decrease 10 times. In theory, X2
3. The current price of eth is 260x4 = US $1040 (upgrade + expected price after proction rection)
ring this period, the return comparison between holding spot and ETF fund is as follows:
1. Holding spot makes 4 times of profit
2. Holding Ethereum ETF fund starts with 12 times of profit, Up to more than 30 times (intelligent position adjustment + fund compound interest calculation)
there is no doubt that the Ethereum ETF launched by bitoffer is the best investment choice!
the PK of the project is very NB, and there are rocket shoes to help you run, very good
some teams, in order to serve the first time, 25 people are all Engineering..... Don't explain!
when using stock index futures for arbitrage, we need to observe the changes of index futures. Generally speaking, the change of index futures should be within a certain range. Once the change of index futures exceeds the range, there will be arbitrage opportunities. When the market price of index futures is higher than the given upper limit, it will carry out forward arbitrage, that is, to buy the spot index and sell the index futures; When the market price of index futures is less than the given lower limit, reverse arbitrage will be carried out, that is, selling spot index and buying index futures
because ETF has no stamp ty, it only needs to consider the Commission of ETF trading, which saves a lot of costs. At the same time, the mobile bank of ETF is better, and unlike stocks that may be suspended for some reason, we use ETF as the spot of index futures to analyze the upper and lower limits of arbitrage, and draw a conclusion: when the market price of index futures fluctuates between the upper limit and the lower limit, We think that the price of index futures is reasonable and there is no arbitrage space at this time. When the price of index futures exceeds the range of upper and lower limits, it can immediately enter the arbitrage space to obtain low-risk arbitrage returns
ETF (Exchange Traded Fund) is a trading open-end index fund. It combines the advantages of closed-end funds and open-end funds. Investors can buy and sell ETF shares in the secondary market as well as purchase or redeem ETF shares from fund management companies through designated ETF dealers. However, their purchase and redemption must exchange a basket of shares for ETF shares or exchange ETF shares for a basket of shares
for forward arbitrage, when the actual price of the index futures contract is higher than that of the spot ETF, the operation strategy is to buy the ETF and sell the index futures contract. Our arbitrage space is the difference between the index futures and the spot ETF, and we have locked in the difference between them when we build the position, When it comes to maturity, the price of index futures converges to the spot price, and the risk-free arbitrage space is obtained
ring the forward arbitrage operation, our costs mainly include: 1. Commission for trading ETFs; 2. The impact cost of trading ETF; 3. The transaction cost of index futures; 4. The impact cost of trading index futures contracts. So when the arbitrage space is greater than the cost of arbitrage, we can carry out the actual operation. In this way, the upper limit of index futures arbitrage is: spot ETF price + transaction cost
for reverse arbitrage, when the actual price of index futures is lower than the theoretical price of index futures, the operation strategy is to sell ETF and buy index futures. Our arbitrage space is the difference between spot ETF and index futures, and we have locked in the difference between them when we build a position, When it comes to maturity, the price of index futures converges to the spot price, and then close the position, so as to obtain the risk-free arbitrage space smoothly
ring the operation of reverse arbitrage, our costs mainly include: 1. Commission for trading ETF; 2. The impact cost of trading ETF; 3. The transaction cost of index futures; 4. The impact cost of trading index futures contracts. So when the arbitrage space is greater than the cost of arbitrage, we can carry out the actual operation. In this way, the upper limit of index futures arbitrage is: spot ETF price transaction cost< In this way, we get the upper and lower limits of the interval pricing model of index futures:
upper limit: spot ETF price + transaction cost
lower limit: spot ETF price transaction cost
when the market price of index futures fluctuates between the upper limit and the lower limit, we think that the price of index futures is reasonable, and there is no arbitrage space.
ETF
ETF is invested according to the component stocks and weights of the index, and its position is close to 100%. However, although the index lof is also invested and allocated according to the index, it usually keeps no less than 10% cash for fund redemption. According to the disclosure of fund assets, ETF will disclose the portfolio of assets in the daily purchase and redemption list, so as to facilitate investors to understand the operation of fund investment in a timely manner. Lof does not need to disclose the portfolio of assets every day, just once a quarter
extended information:
precautions:
to get rid of greed. Invest in index funds as long as possible. As long as the economy continues to grow, the stock market will continue to rise. But it can't be the same. During the bull market, when the stock market rises rapidly, the return of stock index fund is good. Don't be too greedy. It's also a choice to index according to the situation
in terms of fund selection, the bank information port suggests that investors choose large-scale index funds, old index funds. First look at the recent ranking of the fund, and then look at whether the two-year, three-year ranking is relatively stable. The index fund with smaller tracking error is preferred. The smaller the tracking error is, the stronger the management ability of the fund manager is, which is more in line with the essence of index fund
the difference between gold ETF and gold ETF:
first of all, gold ETF tracks the price of gold spot, so purchasing gold ETF is equivalent to purchasing gold spot itself. The general spot market gold rise, do long gold ETF will rise, and vice versa. And gold ETF may deviate from the fluctuation of gold in the spot market. Because gold ETF is a tracking package of gold mining companies, when the market is not good, the shares of gold mining companies may fall. Even if the spot price of gold rises at that time, the ETF of long gold may fall e to the drag of the market. Of course, in general, such deviation is not common, but we should be vigilant
Secondly, gold ETF will be affected by the company's profitability. Gold mining companies need to increase their profitability to repay shareholders. The profitability of gold mining companies generally depends on gold proction, cost control, spot price and other factors. The miner can hedge proction (lock in a fixed transaction price) to provide a fixed profit for the company. One drawback of this is that when gold goes up, it will limit the room to go up. The ability of managers plays an important role in the profitability of gold mining companies. Good managers can help enterprises tide over the difficultiesmoreover, gold ETFs do not pay dividends because they track the spot price of gold, while precious metals cannot generate profits themselves. But gold ETF tracks gold companies, which have certain dividend income