Btcetf date
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 contract transaction code includes the contract subject, contract type, expiration month, exercise price and other elements. There are 17 trading codes in the 50ETF option contract of Shanghai Stock Exchange. The specific composition is as follows: the first to the sixth are the codes of the underlying securities of the contract; The seventh is C or P, which means call option or put option respectively; The 8th and 9th digits indicate the last two digits of the maturity year; The 10th and 11th digits indicate the maturity month; The 12th position is set as "m" at the beginning of the period, and is changed from "a" to "Z" according to the number of contract adjustments. If "a" is changed, the option contract will be adjusted for the first time, and "B" is changed, the option contract will be adjusted for the second time, and so on; The 13th to 17th digits indicate the exercise price, in the unit of 0.001 yuan
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offline stock subscription refers to the stock subscription by investors through the offering agency designated by the fund manager. The date of offline stock offering shall be the offering date specified in the prospectus
1. When investors apply for offline stock subscription, they must hold one or more underlying index securities no less than the specified number
(5) the minimum number of declared shares for a single stock to be subscribed must comply with the provisions of the prospectus
2. Subscription process
(1) trading time of offline stock subscription day (9:30-11:30, 13:00-15:00)
(2) investors need to issue subscription application to the business department of securities companies (currently it does not support peripheral),
the current date does not allow offline stock subscription, that is, you can not carry out the above-mentioned subscription