🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
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Spot Bitcoin ETF. When the Spot Ethereum ETF comes, does it mean that ordinary investors can "close their eyes and enter"?
The answer is clearly no!
On the one hand, it is reported that the relevant products can be subscribed in cash or directly with Bitcoin and Ethereum, but they need to open a relevant account in Hong Kong to operate.
On the other hand, although they are funds, their essence is to track Bitcoin or Ethereum.
Although the prices of Bitcoin and Ethereum are expensive, the Volatility is still extremely high, and big pump big dump is almost the norm. For example, on April 2, the Virtual Money market suddenly flash crash, and the prices of Bitcoin and Ethereum fall exceeded 6% during the day.
As a result, both Spot Bitcoin ETF and Spot Ethereum ETF also have very high risk attributes, and are not suitable for investors with low risk tolerance to blindly follow the enter a position.