ThefirstbitcoinETFfinallygetslistedintheUnitedStatesafter8yearsofa?longjourneysince2013.TheU.S.SECapprovedthefirstbitcoin-linkedETFafterits5commissionmembers’discussion.
It'sunderstoodiftheSECdoesnotreject,delayoraskmorequestions,thebitcoin-linkedETFproposalwilltakeeffectautomatically.DuringOctober15-18,norejection,delayormorequestionswere?heard.At9:30am,October19,ProShares’sCEOMichaelSapirrangthebellattheNYSE.Itisamilestoneinthehistoryofbitcoin,whichseesthepublic?listingofbitcoin-linkedETFbyProSharestradingunderTickerSymbolBITO.After4tradingdayssinceOctober20,1.2billiondollarsflowintothebitcoin-linkedETFandthebitcoinpricehitsanewrecord.
ItislearnedthatthefeeontheETFis0.95%,whichisonly?halfofthefeeonGBTC,whichis2%.Atthesametime,GrayscaleInvestmentsplansonfilinganapplicationtoconverttheworld’sbiggestbitcoinfundintoaspotETF,accordingtoapersonwithknowledgeofthematter.Bitcoin?trust?isnotthedesiredoneforGrayscale?fromtheverybeginning.InJanuary2017,GrayscalefiledanapplicationofbitcoinspotETFlistingtoSEC,butwithdrewitinOctobersinceSECthinksthebitcoinmarketisextremelyrisky.NowitseemsthatGrayscale?nevergivesupthebitcoinETF.
AOFEX将于3月17日上线ANC:据官方消息，AOFEX将于3月17日22:00（GMT+8）在科创版开放ANC/AQ、ANC/USDT交易，并同步开启充提业务。用户在3月17日至22日期间充值交易ANC，即可按照充值交易瓜分200,000AQ。
Anchor Protocol 基于稳定币项目 Terra Money 创建，是一种新型的储蓄协议，旨在通过协调来自多个不同 PoS 共识的区块链的区块奖励来平衡利率，最终实现稳定收益率的存储利率。
AOFEX数字货币金融衍生品交易所，旨在为用户提供优质服务和资产安全保障。[2021/3/17 18:54:08]
WhatisanETF?
ETF(exchange-tradedfund)meansanexchange-tradedopenindexfund.Itisatraditionalfinancialmarketconcept,listedonexchanges,openwithvariablefundshares,suchasBUZZETF,ARKETF,VanguardETF,andSPYETF.
ETFvsmutualfund
ListingonexchangesComparedtotraditionalmutualfunds,listingonexchangesisfeaturedbystandardizedproducts?amonginvestors,all-daytradingcapability,andliquidityenhancement.
InstanttransparencyofshareholdingItallowsallinvestorstolearnaboutthefundshareholdingintheday,helpsplaytheroleofarbitrage,andguaranteesthatETFanditsunderlyingassetsaretradedindependentlyandrelevantly.
AOFEX早间行情：BTC现报价47805.2USDT BTC千倍合约做空人数占优:AOFEX交易大数据显示，截至今日10:00，BTC千倍合约多空持仓人数比为0.82，市场做空人数暂时占优。BTC现报价47805.2USDT，24H涨幅0.79%；ETH现报价1742.11USDT，24H跌幅4.67%；LTC现报价201.01USDT，24H跌幅9.69%。
AOFEX是一家数字货币金融衍生品交易所，旨在为用户提供优质服务和资产安全保障。[2021/2/15 19:48:13]
TaxadvantagesThecapitalgainsfrom?ETFsarefarlessthanrelated?mutualfundsbecausetheinteriorfeaturesofcreationandredemptionmechanismsenable?ETFtotransferinandoutassetswithoutanytaxesamongallinvestors.
InvestorswillnotbeaffectedbythebehaviorsofotherETFinvestors.ItisincrediblyimportantbecausenomatterwhereyouaretheonlyETFholderoroneofthe?millionsofshareholders,you?willnotbeaffectedduetootherinvestors’engagementorwithdrawal.Itvaries?considerablyfrommutualfundswherethefeesonassetsarechargedbythe?investorbase.
Whatisthefirstbitcoin-linkedETFintheU.S.?
Thebitcoin-linkedETFisacrypto-based?traditionalETF?andafinancialinvestmentproduct.Comparedtodirectinvestmentinbitcoinanditstrustfunds,thereisnoguaranteethatthebitcoin-linkedETFcanbringdesired?profitsforinvestorsbutprovidesalowerinvestmententry.
AOFEX平台币OT现报价14.0572AQ，24H涨幅3.82% ?:数据显示，AOFEX交易所平台币OT最新成交价为14.0571AQ，24H涨幅3.82%，24H成交量为752万OT。
AOFEX是全球领先数字货币金融衍生品交易所，旨在为用户提供优质服务和资产安全保障。[2021/1/30 14:24:44]
Thefirstbitcoin-linkedETFisProSharesBitcoinStrategyETF(BITO),whichisappliedtobecreatedbytheassetmanagementcompanyProShares.ProSharesonLinkedin?showsthatithasbeenattheforefrontoftheETFrevolutionsince2006.Withoneofthenation’slargestlineupsofETFs,thecompanyprovidesinnovativestrategicandtacticalETFsdesignedtomanageriskandenhancereturns.ApartfromvariouspositivetrackingindexETFs,italsoincludes?low-leveragereverseETFs.
ProSharesBitcoinStrategyETF?seekstoprovidecapitalappreciationprimarily?throughactivelymanagedexposuretobitcoinfuturescontracts.?TheFunddoesnotinvestdirectlyinbitcoin.Therefore,the“bitcoin-linkedETF”referstostandardized,cash-settledbitcoinfuturescontracts?tradedoncommodityexchangesregistered?withtheCommodityFuturesTradingCommission?(“CFTC”).Thevalueofbitcoinfuturesisdeterminedbyreference?totheCMECFBitcoinReferenceRate(“BBR”),?whichprovidesanindicationofthepriceofbitcoinacross?certaincashbitcoinexchanges.TheFundseekstoinvestin?cash-settled,front-monthbitcoinfutures.Front-month?bitcoinfuturescontractsarethosecontractswiththe?shortesttimetomaturity.
AOFEX平台币OT圣诞八折抢购BTC第二轮抢购已售罄:据官方消息，AOFEX交易所于12月25日开放平台币OT圣诞特惠八折抢购BTC，AOFEX在16点准时开放抢购通道；用户使用 OT抢购BTC，抢购完即关闭通道。第二轮OT特惠八折抢购BTC 25秒售罄。AOFEX“幸运圣诞，开启新运”系列活动。
?AOFEX数字货币金融衍生品交易所，旨在为用户提供优质服务和资产安全保障。[2020/12/25 16:30:08]
Highlightsofthefirstbitcoin-linkedETFintheU.S.
TheFunddoesnottaketemporarydefensivepositions.The?Fundwillgenerallyholditsbitcoinfuturescontractsduring?periodsinwhichthevalueofbitcoinisflatordecliningas?wellasduringperiodsinwhichthevalueofbitcoinisrising.?Inordertomaintainexposuretobitcoinfuturescontracts,the?Fundmustsellitsfuturescontractsastheynearexpiration?andreplacethemwithnewfuturescontractswithalaterexpiration?date.Thisisoftenreferredtoas“rolling”afuturescontract.Futurescontractswithalongertermtoexpirationmay?bepricedhigherthanfuturescontractswithashortertermto?expiration,arelationshipcalled“contango.”Whenrolling?futurescontractsthatareincontango,theFundwillsellthe?expiringcontractatarelativelylowerpriceandbuyalonger-dated?contractatarelativelyhigherprice.Thatistosay,theFundwill“renew”contractspermanentlyratherthancloseoutthem.Conversely,futurescontractswithalongertermtoexpiration?maybepricedlowerthanfuturescontractswithashorter?termtoexpiration,arelationshipcalled“backwardation.”?
AOFEX永续合约：BTC多空持仓人数比1.12，ETH多空持仓人数比0.69:AOFEX交易大数据显示，截至11月20日14:30，BTC永续合约多空持仓人数比为1.12，市场做多人数占优，基差小于0.5USDT，24小时成交约6.44亿张；ETH永续合约多空持仓人数比为0.69，市场做空人数占优，基差小于0.05USDT，24小时成交约2.37亿张；BTC千倍合约多空持仓人数比为1.04，市场做多人数占优，基差小于1USDT，24小时成交约1.72亿张。
?AOFEX数字货币金融衍生品交易所，旨在为用户提供优质服务和资产安全保障。[2020/11/20 21:29:00]
TheFundseekstofullyinvestintheseportfoliosatanytimetoprovideexposuretobitcoinfutures?
TheFunddoesnotinvestin,orseekdirectexposureto,the?current“spot”orcashpriceofbitcoin.TheFundisclassifiedasnon-diversified,whichmeansithas?theabilitytoinvestarelativelyhighpercentageofitsassets?infinancialinstrumentswithasinglecounterpartyorafew?counterparties.??
Thebitcoin-linkedfuturescontractsonCMEmaysignificantlydifferfrombitcoinspotsininvestmentstrategyrisk,marketandvolatility,liquidityrisk,bitcoinfuturesrisk,bitcoinfuturescapacityrisk,costoffuturesinvestmentrisk,bitcoinrisk,cashandmoneymarketinstruments?risk,subsidiaryinvestmentrisk,borrowingrisk,counterpartyrisk,non-diversification?risk,marketpricevariance?risk,authorizedparticipant?risk,cashpurchase?andredemptionrisk,earlyclosing/delayedclosing/tradingsuspensionrisk,activemanagementrisk,newfundrisk,taxriskandvaluationrisk.?
DifferencesbetweenGBTCandbitcoin-linkedETF
ETFallowsmarketmakerstorandomlycreateandredeemshares,whileGBTCdoesnotallow?andthefundsharescanonlybemonetizedonsecondarymarkets.?
GBTCsetsa6-monthlockingperiod,withahighpremium,whileETFhasbetterliquidityandisfreeofpremiumorreduction.?
GBTCtradingfeesareveryhigh,includingbrokerfees,annualmanagementfeesandpremium.Thebitcoin-linkedETFhaslowerfees.Forexample,fortheBITOonly0.95%ofmanagementfeesarecharged,whilethefirstNorthAmericabitcoinETF——BTCC,listedinCanada,hasalowermanagementfeeof75%.?
GBTCisonlyavailableforqualifiedinvestorswith50,000dollarsatleast.Thebitcoin-linkedETFhas?fewrestrictionsoninvestors’?qualifications?andamounts.?
Insummary,withovertenyearsofinsanedevelopment,thecryptocurrencymarketgraduallygoesbacktobeing?rational.Recently,thecryptocurrencymarketisexperiencinga?hugerevolutionandtransformation.ThecryptomarketplaceincludingBitcoinhasattractedtheeyesof?traditionalfinancialmarkets,andismoving?towardsstandardsandcompliance.
Workingoncryptocurrencydevelopmentforyears,AOFEXkeepsupdatesontheindustry,providescompleteinvestmentchannelsandprofoundinformation,securefinancialservices,helpsthemfindandgraspindustrialopportunities.AOFEXaccompaniesyouonyourinvestmentjourney.
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