BTC leverage fund ETF

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. It does not exist. The reason why it is called long and short is that the corresponding relationship between the rise and fall of the two is different from that of the underlying currency. For example, the rise and fall of BTC is 1% after position adjustment. Without considering the triggering of irregular position adjustment, the rise and fall of btc3l's net value is 3%, and the rise and fall of btc3s's net value is - 3%. Therefore, btc3l is called BTC long and btc3s is called BTC short. In the actual transaction, the two can be understood as two completely different spot currencies, and the profit method is the same as other currencies in the spot market.

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. Leveraged funds and ETF funds are two different things

because of leverage, leveraged funds enlarge the volatility and can operate repeatedly. In addition, decisive buying at the beginning of a round of rising trend can bring several times of gains.

5. There is no leverage ETF
but there are leverage index funds

it's better to buy funds from securities companies with low professional fees
welcome to open an account, and prizes

7. ETF has become the "Star" of stock base
recently, long short fund has become a hot spot in the market. As the first reported leveraged ETF fund, huitianfu reported three leveraged ETFs, i.e. the forward two times of CSI 300, the reverse one times of CSI 300 and the reverse two times of CSI 300, which have been accepted recently. This is the first batch of ETF procts containing short leverage in the instry. Obviously, the advent of positive and negative multi leverage ETF will make the A-share market usher in a complete era of coexistence of long and short< The market performance of ETF is also very active. In addition to the Treasury Bond ETF, e-fonda CSI 300 ETF was officially listed on the Shanghai Stock Exchange on Monday. Based on the first day's performance, e-fonda CSI 300 ETF has gained 2% of its net value on the day before listing, and its trading volume on the first day of listing is very active, with a trading volume of 302 million yuan and a turnover rate of 26% on a single day, which is significantly higher than the turnover rate of the previous three CSI 300 ETFs on the first day
affected by the lower threshold of customers, on the same day of this Tuesday, the balance of margin trading of Huatai Bairui CSI 300 ETF reached 3.832 billion yuan, more than five times higher than that of the second ETF, which is one of the most popular double financing varieties in the current A-share market. Zhang Ya, director of Huatai Bairui index investment department, said that compared with the aggressive share of graded funds, it has the advantage of relatively higher leverage to obtain the way of index amplification investment through ETF financing
Chen Aiping, director of the proct development department of Jingshun Great Wall Fund, believes that the breakthrough for Jingshun Great Wall Fund to choose equal weight ETF as strategic index proct is well thought out. The concept of equal weight is relatively easy to understand. The development of strategic index procts in China can be equal weight procts first, and the difficulty of investor ecation is relatively low, It is easier for the market to accept such a proct.

8. Shanghai and Shenzhen 300 ETF fund mainly adopts the complete replication method, that is, it constructs the fund stock portfolio completely according to the composition and weight of the underlying index component stocks, and adjusts accordingly according to the changes of the underlying index component stocks and their weight. However, e to special circumstances (such as lack of liquidity), the fund manager will use other reasonable investment methods to construct the actual portfolio of CSI 300 ETF fund and pursue the performance close to the target index as much as possible.

9. Index fund is what we usually call ETF. It is a special fund that simulates the trend of the index. It can be bought and sold in the exchange, just like ordinary stocks. It can be bought and sold at will, with a T + 1,10% limit. There is no stamp ty, and the handling charge is charged according to the stocks.
here is some knowledge about ETF
what is ETF
ETF is the abbreviation of exchange traded fund, It is also called exchange traded fund. ETF is an open-end securities investment fund proct listed and traded on the stock exchange, and the trading proceres are exactly the same as those of stocks. The assets managed by ETF are a portfolio of stocks. The types of stocks in this portfolio are the same as those in a certain index, such as the Shanghai Stock Exchange 50 index. The number of each stock is consistent with the proportion of the constituent stocks in the index. The trading price of ETF depends on the value of a bunch of sub stocks it owns, namely "net asset value of unit fund". ETF's portfolio usually completely replicates the underlying index, and its net worth performance is highly consistent with the specific index pegged. For example, the net value performance of Shanghai 50 ETF is highly consistent with the rise and fall of Shanghai 50 index< ETF is a kind of hybrid special fund, which overcomes the shortcomings of closed-end fund and open-end fund, and integrates the advantages of both. ETF can track a specific index, such as Shanghai 50 index; Different from open-end funds using cash to purchase and redeem fund shares, ETF uses a basket of index components to purchase and redeem fund shares; ETFs can be listed and traded on exchanges. Because ETF is easy to understand and has high market acceptance, ETF has developed rapidly in the world since the first ETF proct was launched in the United States in 1993. Over the past 10 years, 12 countries (regions) have launched more than 280 ETFs, with assets under management reaching more than $210 billion
ETF is an open-end fund in essence, which has no essential difference from the existing open-end funds. However, it also has its own distinctive characteristics in three aspects: first, it can be listed and traded on the stock exchange, and investors can directly trade ETF shares on the stock exchange like trading indivial stocks or closed-end funds; 2、 ETF is basically an index type open-end fund, but compared with the existing index type open-end fund, its biggest advantage is that it is listed on the stock exchange and trading is very convenient; 3、 Investors can only use a basket of stocks corresponding to the index to purchase or redeem ETF, rather than cash purchase and redemption of existing open-end funds< According to different investment methods, ETFs can be divided into index funds and actively managed funds. The vast majority of foreign ETFs are index funds. At present, the ETF to be launched in China is also index funds, namely Shanghai Stock Exchange 50ETF
according to the different investment objects, ETF can be divided into stock fund and bond fund, in which stock fund is the main one
according to different investment regions, ETF can be divided into single country (or market) fund and regional fund, in which single country fund is the main one
according to different investment styles, ETFs can be divided into market benchmark index funds, instry index funds and style index funds (such as growth type, value type, large cap, medium cap and small cap), among which market benchmark index funds are the main ones<
the advantages of editing this ETF
1. Diversify investment and rece investment risk
when an investor purchases a Huaxia Shanghai 50 ETF of a fund unit, he or she purchases all the stocks of the Shanghai 50 index according to the weight
2. It has the characteristics of both stocks and index funds
1) for ordinary investors, ETF can also be traded in the secondary market of the exchange after being split into smaller trading units, just like ordinary stocks
2) if you earn the index, you will make money. Investors will no longer have to study the stock and worry about stepping on the landmine stock; However, because there is no short mechanism in China's securities market, it is still "losing money if the index falls."
3. ETF combines the advantages of closed-end fund and open-end fund.
like closed-end fund, ETF can be traded on the exchange in the form of small "fund unit"; Similar to open-end funds, ETF allows investors to apply for and redeem continuously. But when ETF is redeemed, what investors get is not cash, but a basket of stocks; At the same time, it is required to reach a certain scale before it is allowed to apply for and redeem< (1) compared with closed-end funds,
similarities: they can also be listed on the stock exchange, just like stocks, and can be traded at any time ring the day
differences: ① ETF has higher transparency. As investors can apply for / redeem continuously, the frequency of requiring fund managers to publish their net worth and portfolio is correspondingly accelerated< (2) compared with open-end funds, general open-end funds can only be opened once a day, and investors only have one trading opportunity (i.e. purchase and Redemption); ETFs are listed on the stock exchange and can be traded at any time ring the day, which is convenient for trading
② open end funds often need to keep a certain amount of cash for redemption, while ETF redemption is to deliver a basket of stocks, so there is no need to keep cash, which is convenient for managers to operate and can improve the management efficiency of fund investment. When the investors of open-end funds redeem their fund shares, they often force the fund managers to adjust their investment portfolio constantly. The resulting tax and the loss of some investment opportunities are borne by those long-term investors who do not ask for redemption; Even if some investors redeem ETFs, they will not have much impact on long-term investors (because they redeem stocks)
4. The transaction cost is low
although the transaction cost of ETF in the exchange has not been finalized, it is estimated that it will not be higher than that of closed-end fund, which is far lower than that of open-end fund
5. It provides an opportunity for ordinary investors to arbitrage on the same day.
for example, Shanghai Stock Exchange 50 fluctuates greatly in one trading day, with an intraday rise of more than 5%, but the closing price is flat or even down. For investors of ordinary open-end index funds, the intraday rise is meaningless, and the redemption price can only be calculated according to the closing price. The characteristics of ETF can help investors seize the opportunity of intraday rise. Because the exchange displays iopv every 15 seconds, the iopv immediately reflects the change of fund net value brought by the rise and fall of index. The price of ETF secondary market changes with the change of iopv. Therefore, investors can timely sell ETF in the secondary market when the intraday index rises, Gains from intraday gains in the index<
edit the operation of ETF in this section
the operation of ETF includes issuance and establishment, trading, subscription / redemption, management and information disclosure
1. The issuance and establishment of ETFs
in foreign countries, ETFs are generally issued and established in the form of "seed fund", that is, ring the initial issuance of the fund, after the participating securities companies "pool" a basket of stocks, the fund is established and listed on the stock exchange. There are also some ETFs which are set up by IPO. TraHK fund in Hong Kong adopts this mode to rece the government's holdings of a large number of Hong Kong stocks bought in the financial crisis, which has its particularity
the specific plan in China has not yet been finalized, but it will certainly provide one day for cash subscription (online and offline simultaneously), and the way of stock subscription may be provided ring the issuance period (a basket of 50 constituent stocks, or a single 50 constituent stock for ETF shares, the specific plan has not yet been determined)
after the end of the issuance period, the fund starts to build a position. After the completion of the position building, the conversion relationship between the net unit value and the preset net unit value of the trading open-end index fund is determined, and the number of fund units is converted. After the conversion, the trading open-end index fund shares were formally established
2. ETF trading
after the fund is established, it will be listed on the stock exchange, and investors can buy and sell ETF fund shares in the secondary market
3. Purchase / redemption of ETF
investors can purchase and redeem ETF with stock basket and partial cash according to the purchase and redemption list (stock basket list + partial cash change) published by the fund manager before the opening of each trading day through participating securities companies
4. ETF management
at present, most of the existing international ETFs are index funds, which take tracking an index as the investment goal and adopt passive management. Fund managers only need to determine the portfolio distribution in a certain way, and do not take the initiative to research and timing indivial stocks
in general, the management of ETF by fund companies includes portfolio construction, portfolio adjustment, investment performance and tracking error evaluation, information management, subscription and redemption list design, etc< 5. ETF information disclosure
in addition to disclosing the net value of the fund, the announcement of the fund portfolio, the interim report, the annual report and other information like the general open-end fund, ETF also needs to publish the application and redemption list of the day through the exchange or other channels before the opening of each trading day, The exchange also needs to calculate and publish the iopv (estimated value of net fund value) in real time for investors' reference in trading and arbitrage. Therefore, the information disclosure content of ETF is more, which is one of the important contents of ETF operation and management< Compared with the closed-end fund, the characteristics of ETF are that it is an open-end fund and its share size can be changed. If the amount of subscription is large, its scale will increase, otherwise it will decrease. The scale of closed-end fund will not change after its establishment (it will increase only when it is raised). Fund holders can not ask to redeem fund shares, but can only transfer them through secondary market transactions. Because the closed-end fund is not like the open-end fund to purchase and redeem the fund shares according to the net value of the day, which leads to the large deviation between the price and the net value of the closed-end fund. The closed-end fund usually trades at a large discount. ETF is essentially an open-end fund. Fund holders can purchase and redeem the fund ring trading hours. The existence of arbitrage mechanism makes its trading price basically consistent with the net value
compared with the traditional open-end funds, the characteristic of ETF is that although ETF is also an open-end fund, ETF only accepts the purchase and redemption of more than one million "Founding units", and the purchase and redemption is a basket of stocks (index component stocks), which is different from the situation of ordinary open-end funds accepting cash purchase and redemption. The biggest difference between the two is that ETFs are listed on the stock exchange at the same time. Investors can buy and sell ETFs at the market price at any time ring the trading hours of the stock exchange, and investors know the transaction price at that time; Ordinary open-end funds can only be traded over the counter through purchase and redemption, and can only be purchased and redeemed according to the net value of the fund after the closing of the stock market (announced the next day) every day. Investors can only know the actual transaction price the day after the order is issued. If there is a big fluctuation in the market ring the trading hours of the exchange, investors can trade ETFs to reflect the latest information and market changes in real time, gain new opportunities or avoid losses. Even if the investors of traditional open-end funds make the right decision very early before the closing, they may eventually get the unsatisfactory closing price of the day, and thus fall into the dilemma of correct judgment

10. In addition to futures and stock index futures, A-share has no short market. China's ETF and classified funds and margin trading can not be short, to rece bear market losses at best. There are dozens of short funds applying, but now the stock index futures have been abandoned. You can't count on it in recent years.