Virtual currency ETF fund
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
bitoffer has bitcoin ETF so far, almost all applications for bitcoin ETFs have been rejected by the US Securities and Exchange Commission, including those from bitwise asset management, Winklevoss brothers, Vaneck / solidx and direxion it is understood that Wilshire Phoenix applied to the New York Stock Exchange (NYSE Arca) for bitcoin ETF for the first time last summer, and submitted amendment No. 6 of its trust fund registration statement to the SEC on February 14. Unlike other previous bitcoin ETF proposals, Wilshire Phoenix's ETF will invest in both bitcoin and US Treasury bonds. Second, the trust will be automatically adjusted once a month to address concerns about fluctuations in the bitcoin price comments: for a long time, bitcoin ETF has not been passed because the SEC is based on the risks and concerns related to cryptocurrency funds, including pricing, liquidity, custody, arbitrage and possible manipulation problems. Obviously, Wilshire Phoenix has paid attention to this point in the design of the fund this time. It has added the share of US Treasury bonds. If the price of bitcoin fluctuates too much, it will increase the share of bonds and rece the share of bitcoin. But it still doesn't work. It still can't explain the manipulation of bitcoin price. If this problem cannot be solved, bitcoin ETF will be difficult to be approved. So many people are actually immune to this problem, and it is really difficult to get approval in a short time in view of the SEC's rejection of bitcoin ETF application, it can be said that the only hope of cryptocurrency practitioners for ETF has been broken once again. The reason why bitcoin ETF is expected is that it is of great significance. We can understand it as a stock of NASDAQ or NYSE. If bitcoin ETF is listed, all investors can buy it directly from compliance channels. This is equivalent to expanding the audience of bitcoin from the coin circle to the U.S. stock market and even the whole global market. This demand will be enormous
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.
monetary ETF is more efficient than other monetary funds. Other monetary funds can not be listed and traded in the secondary market, and their capital withdrawal can only be realized through redemption. Most monetary funds can only receive their capital on the next trading day after the redemption application is confirmed. The time lag caused by these links may make investors miss the investment opportunity, while currency ETFs can be traded and redeemed in the secondary market, And after the completion of the transaction and redemption, the funds can arrive at the account immediately
compared with other monetary funds, monetary ETF has a higher level of expected return. The secondary market trading mechanism of currency ETF can slow down the interference and impact of redemption and Realization on investment, help to maintain the stability of fund scale, and prevent a large proportion of net redemption from forcing fund managers to passively realize assets to obtain cash and the resulting impact cost that affects the proct investment income.
511990 Huabao Tianyi ETF
511880 Yinhua Rili ETF
both are good, and the liquidity is very good
is:
Huabao Tim is a profit type, with a net value of $100 per day, and then fluctuate and fluctuate according to market buying and selling. The price has the final say. p>
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Yinhua daily profit is a net value type. The net value of each day is graally accumulated in the form of principal plus income of the previous day, and the original net value of ￥ 100 is restored only once a year