What is virtual currency 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.

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.

Okex and fire money are both digital currency trading platforms

digital money (electronic money or electronic currency) is a kind of currency in digital form (different from paper money and coins)

it shows properties similar to real money, but it can allow real-time transaction and boundaryless ownership transfer. Examples include virtual currency, cryptocurrency, and currency (including digital base currency) issued by the central bank and recorded in computer databases. Like traditional currency, these currencies may be used to purchase physical goods and services, but they may also be restricted in some communities, such as online games

digital currency is the balance of money electronically recorded on stored value cards or other devices. Another form of electronic currency is network currency, which allows value transfer on the computer network, especially on the Internet. Electronic currency is also a creditor's right to private banks or other financial institutions such as bank deposits

digital money can be centralized, that is, it has a central point to control the money supply, or it can be decentralized, that is, the control power can have different sources

4. What's the use of physical survival crash? It's useless to throw it away

5. How many times?

6.

You can print social security details in any social security center

the Ministry of human resources and Social Security announced the "opinions on strengthening and improving public services in the field of human resources and social security" and decided to vigorously simplify the certification materials and proceres

for those who are not registered residence workers who apply for social insurance for employees, they do not require the applicant to provide evidence of social insurance in their original places or other areas. p>

in 2017, the social security card will directly handle various human resources and social security affairs of indivials across regions and businesses, open its integrated application to other public service fields, and basically realize the national social security card

in 2017, we will complete the construction of basic information database for cardholders of social security cards at the ministerial and provincial levels, and realize the unified management and linkage sharing of basic information

extended data

implementation of online inquiry of social security personal records:

in the "opinions on strengthening and improving public services in the field of human resources and social security", the Ministry of human resources and social security clearly pointed out that all localities need to explore innovative ways of public services

this includes the implementation of "one-stop" service in comprehensive service institutions, the graal integration of separate professional windows into comprehensive windows, and the change from "multi acceptance" to "one acceptance". We will strengthen the information construction of public services, and actively promote online pre-trial, self-service, city wide access, and entrusted agency services

to promote the "unified handling of five insurances" of social insurance services, the places that do not have the conditions for the time being should first realize the unified handling of insurance registration, payment, audit and other business links

vigorously promote the "comprehensive teller system" to facilitate the insured. We will promote the construction of "electronic social security" and comprehensively implement online inquiry and self-service printing services for social insurance indivial rights and interests records

7. Currency ETF means open-end Monetary Fund
unlike the Index ETF, this kind of variety does not add "ETF" variety in the name, but more uses the name of Monetary Fund
the first currency ETF, Huabao Tianyi, was established at the end of 2012, breaking the situation that the exchange monetary fund could only apply for and redeem, but could not trade at that time. Huabao Tianyi, a currency ETF, can be purchased and redeemed in the primary market as well as traded in the secondary market
subsequently, the currency ETF graally developed and expanded. At present, there are 10 currency ETF funds listed on the exchange. Among them, the Shanghai Stock Exchange has seven, in addition to Huabao Tianyi, there are southern financial management gold h, Yinhua Rili, e-currency, Boshi currency, Huatai currency and Jingshun currency, while the Shenzhen Stock Exchange has three listed currency ETFs, namely investment promotion express, margin and Tianfu express
advantages of currency ETF: on the one hand, currency ETF, like traditional monetary funds, is a cash management tool to realize steady appreciation of idle funds in accounts. This year, the average annualized rate of return of the monetary fund is still 3% - 4%, which is far higher than that of current deposit. On the other hand, the currency ETF can be seamlessly linked with stock and other exchange traded procts. When the stock market has no opportunity to buy currency ETF ring trading hours, it can continue to enjoy the income of the Monetary Fund on that day; When the stock market opportunity reappears, after selling the currency ETF in trading time, the funds can be used to buy stocks or other varieties immediately. Moreover, this transaction can be "t + 0", and can repeatedly buy and sell within the day, which improves the flexibility of capital operation, and there are still some arbitrage opportunities.

8. You said the ETF currency is obtained by participating in the ETF (CN) project. The ETF currency is obtained by trading on the platform, and the points can be exchanged for ETF currency, and then it can be traded.

9. 1. RMB A-share ETF means to regard ETF as a stock again. That is to say, the proportion of all stocks held by the fund is basically the same as that of the constituent stocks of the tracking index. Generally speaking, more than 90% of the assets of ETF funds must be invested in the constituent stocks of their tracking index
2. Trading open-end index funds, also known as exchange traded funds (ETF), are a kind of open-end funds that are listed and traded on the exchange and have variable fund shares
3. A shares, namely RMB common shares, are common shares issued by domestic companies for domestic institutions, organizations or indivials (since April 1, 2013, domestic, Hong Kong, Macao and Taiwan residents can open A-share accounts) to subscribe and trade in RMB.