The market of virtual currency ETF
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.
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
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 bitcoinI 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
according to the data of Shenzhen Stock Exchange, the trading amount of China Merchants margin express was 194 million yuan yesterday, with a total of 19400 hands. The trading amount of e-fonda's margin income was 476 million yuan, with a total of 47600 hands. Although these two currency ETFs can achieve "t + 0" trading, compared with the first day trading volume of Huabao Tianyi ETF which achieved "t + 0" trading last year, it is slightly light. According to the data, after opening the "t + 0" revolving trading, Huabao Tianyi had an active trading on the first day, with a single day trading volume of 1.325 billion yuan, ranking first in the trading volume of funds on the market<
as for the issue that the trading of these two currency ETFs listed on Shenzhen Stock Exchange yesterday is slightly lighter than that of Huabao Tianyi ETF, Zeng Linghua, a researcher of Haomai fund research center, said that because these two currency ETFs have just been listed, investors are not familiar with them and are not as well-known as Huabao Tianyi ETF, but I believe that with the increasing attention of investors in Shenzhen Stock Exchange to these two currency ETFs in the future, It is bound to increase the trading volume, and its scale will also increase quickly.