The road is simple, and the trouble will lead to poverty.
Daily update on April 27, 2024:
According to Blue Whale News, in addition to Bosera, Huaxia, and Harvest, Hong Kong local institution Value Partners also applied to issue virtual currency spot ETFs, but in the end it did not appear on the approved list. People familiar with the matter revealed that Value Partners withdrew after applying because the preparations were not done well, time was tight, and there was a shortage of manpower. Moreover, compared with the other three companies, Value Partners mainly does active business in Hong Kong, and its ETF business is relatively weak, so it plans to wait and see.
Although this batch of virtual currency spot ETFs was first launched by three domestic public offering Hong Kong subsidiaries, according to previous regulations, mainland investors cannot participate in the transaction. Markus Thielen, founder of crypto research company 10x Research, believes that if mainland buyers are allowed to buy, this batch of Bitcoin spot ETFs may see an influx of US$25 billion.
Eric Balchunas, an ETF analyst at Bloomberg, believes that due to the small size of the Hong Kong ETF market, the three domestic public fund managers and international asset management companies such as BlackRock are not of the same size, mainland retail investors cannot trade, and the liquidity of the products is questionable, "US$500 million is lucky."
Account status: total capital of 465,000 (including dividends), principal of 150,000, and a rate of return of 200+%. The total equity of the contract account is 407,000, the total position is 436,000, 40+ varieties, and 140+ pending orders.
Today's transaction:
Currency: ENA📈Limit Buy
Price: 0.823
Amount: $3999.0
Time: 08:30:32
Currency: AVAX📈Limit Buy
Price: 33.17
Amount: $1492.7
Time: 09:17:22
Currency: FIL📉Market Sell
Price: 5.777
Amount: $3044.5
Time: 09:17:22
Currency: LEVER📉Market Sell
Price: 0.00369
Amount: $5430.0
Time: 11:27:09
Risk warning: Leverage is not a devil, it is just a tool to improve the utilization rate of funds. Leverage itself has no risk, the real risk comes from human nature.
