Amathokheni Asetshenzisiwe ku-Gate.io
Mayelana ne-Leveraged Tokens
I-Gate.io yethule amathokheni asetshenziswa yi-ETF. Umehluko kuphela phakathi kwamathokheni asetshenzisiwe kanye namathokheni endabuko ukuthi amathokheni asetshenzisiwe anezakhiwo ezisebenzayo. Wonke amathokheni asetshenzisiwe anozakwabo emakethe yokuhweba endaweni. Imikhiqizo ye-ETF ibiyelwe futhi ilawulwa ezinkontilekeni ezingapheli.Inkokhelo yansuku zonke yokuphatha engu-0.1% ikhokhiswa. (Inani lemali yokuphatha liyahlukahluka kuye ngezindleko zangempela. Sicela ubheke Izimemezelo ukuze uthole ulwazi lwakamuva). Izimali zokuphatha zenza izindleko ezifana nezimali zokusingatha inkontileka nezimali zoxhaso, kuyilapho izimali zoxhaso lwenkontileka azikhokhiswa. Ngokulungiswa kokuphathwa kwekhephithali, izindleko zangempela zabasebenzisi kanye nezingozi ziyancishiswa.
Abasebenzisi abadingi ukwenza isibambiso lapho behweba amathokheni asetshenzisiwe, kodwa ama-ETF azongena ezindlekweni zokuphatha zansuku zonke ezingu-0.1% (izimali zokuphatha ziqoqwa ezikhwameni zokuphatha futhi aziboniswa ngokuqondile ekuhwebeni kwabasebenzisi). Amathokheni asetshenzisiwe ahambisana nezinkontileka zaphakade, ezingaqondwa kalula njengokuhweba ngamabala. Uma kuqhathaniswa nokubamba iqhaza ngokuqondile ekuhwebeni kwenkontileka okungapheli, amathokheni anenzuzo alwela ukuthuthukisa ukuphathwa kwezimali ukuze kuncishiswe abasebenzisi izindleko zangempela zokuzuza kanye nezingozi. Amathokheni asetshenzisiwe asahlukaniswa njengemikhiqizo enobungozi obukhulu. Sicela uqiniseke ukuthi uyabuqonda ubungozi ngaphambi kokuhweba amathokheni anesilinganiso esilinganiselwe.
I-ETF leveraged token
3L: 3-time leveraged long bullish token
Isibonelo: I-ETH3L iyithokheni ye-ETH ye-leveraged yezikhathi ezi-3.
I-3S: Ithokheni ye-bearish emfishane yezikhathi ezi-
3 esetshenziswa izikhathi ezi-3 Isibonelo: I-ETH3S iyithokheni ye-ETH ye-bearish emfishane yezikhathi ezi-3.
Indlela yokulungiswa kwesikhundla samathokheni asetshenzisiwe
Lapho imikhiqizo ye-ETF ilandela inzuzo nokulahlekelwa futhi ilungisa isilinganiso sibuyele esilinganisweni esihlosiwe nsuku zonke, uma kwenziwa inzuzo, izikhundla zizovulwa; uma kukhona ukulahlekelwa, izikhundla zizoncishiswa. Asikho isibambiso esidingekayo ekuhwebeni kwamathokheni okunenzuzo. Ngokuthenga okulula nokudayiswa kwamathokheni asetshenzisiwe, abasebenzisi bangakwazi ukukhiqiza izinzuzo ezitholakalayo, njengasekuhwebeni kwemajini.
Imithetho ye-3X ene-leveraged ETF
1. Ukulinganisa kabusha okungavamile: Uma isilinganiso se-real-time leverage sidlula oku-3, ukulinganisa kabusha okungavamile kuzoqaliswa futhi indlela yokulungisa indawo izolungisa isilinganiso se-leverage sibe ngu-2.3.
2.Ukulinganisa kabusha okuvamile: 00:00UTC+8 nsuku zonke isikhathi esivamile sokulinganisa kabusha. Lapho isilinganiso sesikhathi sangempela sesilinganiso singaphansi kuka-1.8 noma ngaphezulu kuka-3, noma izinga lokuguquguquka (elibalwa ngenani lenkomba yenkontileka) lidlula u-1% (ngenxa yokwenyuka okuphawulekayo noma ukwehla kwenani lemali eyisisekelo emahoreni angu-24 edlule), isikhundla indlela yokulungisa izolungisa isilinganiso sokulinganisa sibe ngu-2.3.
3.I-ETF yezikhathi ezi-3 enenzuzo inesilinganiso esihlosiwe sezikhathi ezingu-2.3 ekusebenzeni, emzamweni wokwehlisa izinga lokuguquguquka kwemakethe kanye nokunciphisa izindleko zokungqubuzana zesikhathi eside. Emakethe yohlangothi olulodwa, ngenxa yokuthi inzuzo eyenziwe izosetshenziselwa ukwengeza izikhundla eziningi futhi ukulahleka kuzoqalwa lapho ukulahlekelwa kwenzeka, imikhiqizo ye-ETF izobonakala isebenza kahle, kodwa izindleko zokungqubuzana zingaba nzima ngenxa yokuguquguquka kwemakethe. Ngakho-ke, imikhiqizo ye-ETF ilungele ukubiyelwa kwesikhashana esikhundleni sokubamba isikhathi eside.
Imithetho ye-5X leveraged ETF
1. Ukulinganisa kabusha okungavamile: Uma isilinganiso sesikhathi sangempela sesilinganiso sidlula u-7, ukulinganisa kabusha okungavamile kuzoqalwa futhi indlela yokulungisa indawo izolungisa isilinganiso se-leverage sibe ngu-5.
2.Ukulinganisa kabusha okuvamile: 00:00UTC+8 nsuku zonke isikhathi esivamile sokulinganisa kabusha. Lapho isilinganiso sesikhathi sangempela sesilinganiso singaphansi kuka-3.5 noma ngaphezulu kuka-7, noma izinga lokuguquguquka (elibalwa ngenani lenkomba yenkontileka) lidlula u-1% (ngenxa yokwenyuka okuphawulekayo noma ukwehla kwenani lemali eyisisekelo emahoreni angu-24 edlule), isikhundla indlela yokulungisa izolungisa isilinganiso sesilinganiso sibe ngu-5.
3.Inani lengqikithi yempahla yemikhiqizo ye-ETF esetshenziswe izikhathi ezi-5 isengozini enkulu ekushintsheni kwentengo yemali eyisisekelo. Ngokunengqondo, ukulingana kabusha okungajwayelekile nokujwayelekile kwenzeka kaningi emikhiqizweni ye-ETF esetshenziswa izikhathi ezi-5, nayo ehlushwa ukungqubuzana kunemikhiqizo ye-ETF esetshenziswa izikhathi ezi-3 futhi elungele ukubiyelwa isikhathi esifushane kuphela. Ngaphambi kokutshala imali emikhiqizweni ye-ETF, sicela waziswe ngomehluko phakathi kwamathokheni angu-5X kanye no-3X bese ukhetha ngokuhlakanipha.
Izinzuzo zamathokheni anesilinganiso
esilinganiselwe Mahhala kusuka ekuqedweni
Amathokheni asetshenzisiwe empeleni amathokheni amathokheni emakethe ekhona futhi ngenxa yalokho awanakho ukuqedwa. Ngisho noma intengo yethokheni evunyelwe iwa isuka ku-100USD iye ku-1 USD, inani umhwebi analo ngeke lishintshe. Uma kube nokulahlekelwa okukhulu, kungase kuqalise indlela yokunciphisa indawo ezenzakalelayo. Ezimweni ezingavamile kuphela, intengo yamathokheni asetshenzisiwe ingase isondele ku-0.
Asikho isibambiso esidingekayo
Ekuhwebeni kwe-margin evamile, isibambiso siyisibopho kubathengisi ukuze bakhiqize izinzuzo ezitholakalayo, ezingafinyelelwa ngokuhweba amathokheni alinganiselwe ngaphandle kwesibambiso. Inkokhelo ethile yokuphatha izokhokhiswa.
Idiphozithi kanye nokuhoxiswa kwamathokheni axhaswe yi-ETF akukenzeki okwamanje.
Inhlanganisela yenzuzo ezenzakalelayo kanye nokwehliswa kwesikhundla okuzenzakalelayo
Lapho kukhona ukukhuphuka kohlangothi olulodwa emakethe, amathokheni asetshenzisiwe angu-3X angakhiqiza inzuzo eningi kunokuhweba kwe-margin evamile nge-3X leverage. Isizathu salokhu ukuthi inzuzo eyenziwe isetshenziselwa ngokuzenzakalelayo ukuthenga amathokheni atholakalayo ukuze kwenziwe inzuzo eyengeziwe. Uma imakethe iwa, ukuqedwa ngeke kwenzeke futhi ukuncishiswa kwesikhundla okuzenzakalelayo kuzoqalwa esikhundleni sokumisa ukulahlekelwa.
Ukungalungi kwamathokheni anesilinganiso
Ubungozi obuphezulu
Amathokheni asetshenzisiwe ayimikhiqizo emisha enezakhiwo ezisetshenziswayo, eza nezingozi ezinkulu.
Ayikufanelanga kahle ukutshalwa kwezimali kwesikhathi eside
Amathokheni ahlanganisiwe afanelekela abatshalizimali abangochwepheshe kuphela ukusetshenziselwa ukuvikela ubungozi noma ukutshalwa kwezimali kwemakethe kohlangothi olulodwa lwesikhashana. Azikulungele ukutshalwa kwezimali kwesikhathi esimaphakathi neside. Ngenxa yokuba khona kwendlela yokulungisa isikhundla, ubungozi bokubamba amathokheni anesilinganiso isikhathi eside buphezulu kakhulu. Uma isikhathi sokubamba sisinde, izindleko zokuguquguquka kanye nokungqubuzana ziba nkulu.
Imali Yokuphathwa Kwesikhwama
Izimali zokuxhasa izinkontileka ezingapheli zikhokhwa phakathi kwabahwebi ezinhlangothini ezihlukene zenkontileka, kodwa lapho uhweba amathokheni anenzuzo kuzokhokhiswa inani elinqunyiwe lemali yokuphatha yansuku zonke: imali yokuphatha yansuku zonke engu-0.1% ikhokhiswa.
Konke okuqukethwe ngenhla akusona iseluleko sokutshala imali. Amathokheni asetshenzisiwe ayimikhiqizo enobungozi obukhulu. Sicela uqiniseke ukuthi ubazi kahle ubungozi ngaphambi kokuhweba amathokheni anamandla.
Sicela uxwayiswe:
Imakethe ye-cryptocurrency iyaguquguquka. Imikhiqizo ye-ETF engu-3X ne-5X izokwenyusa ukuntengantenga kwentengo futhi ilethe izingozi ezinkulu zokulahlekelwa. Sicela uqiniseke ukuthi uyaziqonda ubungozi ngokuningiliziwe futhi uhwebe ngobuhlakani. Ngenxa yokulungiswa kwesimo okujwayelekile nokungajwayelekile, ukukhuphuka nokuwa ngesikhathi esithile akuwona ngaso sonke isikhathi ukulinganisa okuhlosiwe. Imikhiqizo ye-ETF ibiyelwe ngezinkontileka ezingapheli. Uma kwenziwa inzuzo, izikhundla zizovulwa; uma kukhona ukulahlekelwa, izikhundla zizoncishiswa. Imikhiqizo ye-ETF ilandelela inzuzo nokulahlekelwa futhi ilungise inzuzo ibuyele esilinganisweni esihlosiwe nsuku zonke. Izindleko zokushayisana zingaba nkulu kakhulu emakethe eshintshashintshayo. Ngenxa yendlela yokulungisa isikhundla kanye nezindleko zokubamba isikhundla, imikhiqizo ye-ETF enenzuzo ayilona utshalomali oluhle lwesikhathi eside. Ukushintshashintsha kwamanani amakhulu kanye nobungozi obukhulu yizici zemikhiqizo ye-ETF. Sicela utshale imali ngokucophelela.
Umhlahlandlela wemikhiqizo ye-ETF esebenzayo (Isahluko I)
Q1: Iyini imikhiqizo ye-ETF esetshenzisiwe?
Amathokheni asetshenzisiwe afana nemikhiqizo evamile ye-ETC emakethe yamasheya. Balandelela ukuguquguquka kwentengo yempahla eqondiwe enikeziwe.
Lokhu kuguquguquka kwentengo cishe kuphindwe izikhathi ezi-3 noma ezi-5 kunemakethe yezimpahla engaphansi. Ihlukile ekuhwebeni kwemajini okuvamile, abasebenzisi abadingi ukwenza isibambiso lapho behweba amathokheni anenzuzo.
Abasebenzisi bangafinyelela inhloso yokuhweba ngemajini ngokuthenga okulula nokudayiswa kwamathokheni asetshenzisiwe.
Umkhiqizo ngamunye we-ETF onenzuzo uhambisana nesikhundla senkontileka, esiphethwe abaphathi bezikhwama.
Ukusebenzisa imikhiqizo ye-ETF enamandla kukuvumela ukuthi uzakhele kalula iphothifoliyo yakho yokutshala imali engashintshi ngaphandle kokuthi ufunde mayelana nezindlela ezithile.
Q2 : Iyini impahla eyisisekelo?
A : Igama lomkhiqizo we-ETF osuselwe phezulu liqukethe igama lempahla yawo eyisisekelo kanye nesilinganiso sokutholwa. Isibonelo, i-asethi eyisisekelo ye-BTC3L ne-BTC3S yi-BTC.
Q3 : Yimalini isamba sevolumu yemikhiqizo ye-ETF?
Ngokufanayo nezinkontileka ezingapheli, imikhiqizo ye-ETF etholakalayo iwukuphuma kwezezimali, hhayi amathokheni ajwayelekile e-crypto. Ngakho-ke ayikho "ivolumu ephelele" noma "ivolumu eshisiwe" yemikhiqizo ye-ETF enamandla.
Q4 : Imikhiqizo ye-ETF enamandla ikhulisa kanjani izinzuzo?
Imikhiqizo ye-ETF esetshenziswayo ikhulisa ukulahlekelwa kanye nezinzuzo ngokukhulisa ukuguquguquka kwentengo. Isho ngemuva kokulungiswa kwendawo, intengo ye-BTC
kungenzekayini ukulinganisa kabusha okungavamile kuqale), intengo ye-BTC3L izokhuphuka ngo-15% futhi i-BTC3S izokwehla ngo-15%
.
ukukhulisa izinzuzo nokulahlekelwa ngokungeza imali mboleko ye-margin ku-investimenti ephelele. Isilinganiso sokutholwa siphindaphinda umthamo wezimpahla eziphethwe umsebenzisi. Imikhiqizo ye-ETF esetshenziswayo ikhulisa izinzuzo ngokukhulisa ukuguquguquka kwentengo yentengo yempahla eyisisekelo. Isilinganiso sokutholwa siboniswa ku- ukushintshashintsha kwentengo 2.Imikhiqizo ye-ETF ye-Leveraged ayidingi abathengisi ukuthi bathembise isibambiso noma baboleke imali.Abukho ubungozi bokuqedwa lapho uhweba amathokheni anamandla
.
1. Ukuhweba ngemikhiqizo ye-ETF esezingeni eliphezulu akudingi isibambiso futhi akunasonkontileka. 2.Isilinganiso sesilinganiso esimisiwe: Isilinganiso sangempela senkontileka engapheli siyahlukahluka ngokuguquguquka kwevelu yendawo. Izikhundla zemikhiqizo ye-ETF esetshenzisiwe zilungiswa nsuku zonke. Isilinganiso se-leverage cishe ngaso sonke isikhathi sihlala phakathi kuka-3 no-5.
Q7 : Kungani imikhiqizo ye-ETF esetshenzisiwe ingaqedwa?
Abaphathi besikhwama be-Gate.io balungisa izikhundla zesikhathi esizayo ngendlela eguquguqukayo ukuze imikhiqizo ye-ETF ezuziwe ikwazi ukugcina isilinganiso esinqunyiwe sesilinganiso sesikhathi esithile. Lapho imikhiqizo ye-ETF enenzuzo yenza inzuzo, izikhundla zizokhushulwa ngemva nje kokulungiswa kwesikhundla. Uma kwenzeka ukulahlekelwa, izikhundla zizoncishiswa, ukuze kuqedwe ingozi yokuqedwa. Qaphela: Ukulungiswa kwesikhundla ukulungisa izimo zenkontileka ngemuva kwemikhiqizo ye-ETF. Imali yabahwebi ayishintshi.
Q8 : Kuhlelelwa nini ukulungiswa kwezikhundla?
Emikhiqizweni ye-ETF enesilinganiso esingu-3X: 1.Ukulinganisa kabusha okungavamile: Uma isilinganiso sesikhathi sangempela sesilinganiso singaphezu kokungu-3, ukulinganisa kabusha okungavamile kuzoqaliswa futhi indlela yokulungisa indawo izolungisa isilinganiso sesilinganiso sibe ngu-2.3. 2.Ukulinganisa kabusha okuvamile: 00:00UTC+8 nsuku zonke isikhathi esivamile sokulinganisa kabusha. Lapho isilinganiso sesikhathi sangempela sesilinganiso singaphansi kuka-1.8 noma ngaphezulu kuka-3, noma izinga lokuguquguquka (elibalwa ngenani lenkomba yenkontileka) lidlula u-1% (ngenxa yokwenyuka okuphawulekayo noma ukwehla kwenani lemali eyisisekelo emahoreni angu-24 edlule), isikhundla indlela yokulungisa izolungisa isilinganiso sokulinganisa sibe ngu-2.3.
Emikhiqizweni ye-5X esezingeni eliphezulu ye-ETF: 1. Ukulinganisa kabusha okungavamile: Uma isilinganiso sesikhathi sangempela sesilinganiso sidlula u-7, ukulinganisa kabusha okungavamile kuzoqalwa futhi indlela yokulungisa indawo izolungisa isilinganiso se-leverage sibe ngu-5. 2.Ukubhala kabusha okuvamile: 00:00UTC+8 njalo usuku yisikhathi esivamile sokulinganisa kabusha. Lapho isilinganiso sesikhathi sangempela sesilinganiso singaphansi kuka-3.5 noma ngaphezulu kuka-7, noma izinga lokuguquguquka (elibalwa ngenani lenkomba yenkontileka) lidlula u-1% (ngenxa yokwenyuka okuphawulekayo noma ukwehla kwenani lemali eyisisekelo emahoreni angu-24 edlule), isikhundla indlela yokulungisa izolungisa isilinganiso sesilinganiso sibe ngu-5.
Q9 : Kungani kunezindleko zokuphatha?
Imikhiqizo ye-Gate.ios 3S kanye ne-5S ETF iza nenkokhelo yansuku zonke yokuphatha engu-0.1%.Inkokhelo yansuku zonke yokuphatha ihlanganisa zonke izindleko ezitholwa ngokuhweba amathokheni anenzuzo, okuhlanganisa izindleko zokuphatha ukuhweba kwenkontileka, izimali zoxhaso, nezindleko zokungqubuzana ngenxa yomehluko wamanani lapho kuvulwa. izikhundla, njll.
Imali yokuphatha yansuku zonke engu-0.03% ekhokhiswa emikhiqizweni ye-FTXs ETF ayifaki noma yiziphi izinkokhelo ezishiwo ngenhla. Kusukela imikhiqizo ye-ETF yethulwa okokuqala ku-Gate.io, ngaphandle kwezimali zokusingatha ekuhwebeni okukhona kusukela ekubalweni, izindleko zokuphatha izindleko ze-Gate.io emikhiqizweni ye-ETF azikwazanga ukukhokhela zonke izindleko. I-Gate.io izoqhubeka nokukhokha izindleko ezengeziwe zabasebenzisi esikhundleni sokuyithatha ku-net asset value (NAV).
Maduze i-Gate.io izokwethula imikhiqizo efana nemikhiqizo ye-ETF ehlanganisiwe kanye nemikhiqizo ye-ETF ehlehlayo enesilinganiso esiphansi. Ngokwenza kahle okuyingqayizivele, banganciphisa kakhulu izindleko, benze ukuhweba kube lula futhi kube nezindleko zokuphatha eziphansi.
Q10: Kungani inani lengqikithi yempahla yemikhiqizo ye-ETF egcina ngokuthi "BULL" kanye "BEAR" ingaboniswa?
Imikhiqizo ye-ETF egcina ngokuthi "BULL" kanye "BEAR" ayiphethwe yi-Gate.io. I-Gate.io ihlinzeka ngezinsizakalo zokuhweba endaweni kuphela futhi ayikwazi ukubonisa i-NAV ngesikhathi sangempela. Sicela uqiniseke ukuthi uziqonda ngokugcwele ubungozi ngaphambi kokuhweba ngemikhiqizo ye-ETF. Ukuchezuka phakathi kwezintengo zokuhweba ne-NAV kungaba kukhulu kunokulindelekile ngenxa yemali enganele emakethe. Imikhiqizo ye-BULL ne-Bear izokhishwa ku-Gate.io maduze. Ukuze ufunde kabanzi mayelana nale mikhiqizo, sicela ubheke kumanyuwali wemikhiqizo ye-FTXs.
Q11: Liyini inani lengqikithi yempahla (NAV)?
Ingqikithi yenani lempahla imelela inani lengqikithi yemakethe yebhizinisi lemali. Ifomula yokubala i-NAV: Isamba senani lempahla (NAV) = I-NAV yephoyinti lokulinganisa langaphambilini(1+ushintsho lwentengo lwesilinganiso esiyisisekelo semali eqondisiwe)
Qaphela: I-NAV endaweni yokulinganisa yangaphambilini ibhekisela ku-NAV yezikhundla ngemva kwendawo yokugcina. ukulungisa.
Intengo yangempela yokuhweba yemikhiqizo ye-ETF esetshenzisiwe emakethe yesibili igxile ku-NAV yohlobo lwemali. Kukhona ukuchezuka okuthile ku-NAV, nakuba ukuchezuka kungeke kube kukhulu kakhulu. Isibonelo, uma i-NAV ye-BTC3L ingu-$1, intengo yokuhweba emakethe yesibili ingaba ngu-$1.01, noma i-$0.09. I-Gate.io iklelisa i-NAV yemikhiqizo ye-ETF enenzuzo kanye namanani akamuva okuhweba ngesikhathi esifanayo ukuze abasebenzisi bakwazi ukubona ukulahlekelwa okungaba khona lapho bethenga/bethengisa amathokheni anamandla ngezintengo ezichezuka kakhulu ku-NAV.
I-Q12 : Kukuphi ukukhuphuka kokuguquguquka kwentengo okuphindwe izikhathi ezi-3 okubonakala kumikhiqizo ye-ETF ye-Gate.ios enenzuzo?
Ukushintshashintsha kwentengo yemikhiqizo ye-ETF enamandla kakhulu kuwukukhuliswa izikhathi ezi-3 kokushintshashintsha kwentengo yohlobo lwemali oluyisisekelo, okubonakala ekushintsheni kwe-NAV. Isibonelo, i-BTC iyimali eyisisekelo ye-BTC3L ne-BTC3S. Intengo ye-BTC ngesikhathi esithile ngosuku lokuhweba (intengo ngo-00:00 inani lokuvula) kanye ne-NAV yesikhathi esihambisanayo imi kanje: Intengo ye-BTC ikhuphuka ngo-1%, i-NAV ye-BTC3L ikhuphuka. ngo-3%, i-NAV ye-BTC3S iyancipha ngo-3%; Intengo ye-BTC yehla ngo-1%, i-NAV ye-BTC3L yehla ngo-3%, i-NAV ye-BTC3S ikhuphuka ngo-3%.
Q13 : Ingabe ukuguquka kwentengo kubalwa kanjani emikhiqizweni ye-ETF ye-Gate.ios?
Ukushintshashintsha kubalwa ngokusekelwe ku-NAV. Ake sithathe ukuguquguquka kwe-intraday njengesibonelo:
Ithebula lezinga lokuguquguquka kwentengo yezinsuku zezinsuku zemikhiqizo ye-ETF esetshenziswayo engaphansi kwempahla 3L 3S 
Q14 : Ingabe indlela yokulungisa indawo (ukulinganisa kabusha) iyanyusa/yehlisa inani lezikhundla?
Cha. Ukulungiswa kwesikhundla kwenziwa yi-Gate.io ezikhundleni zenkontileka ukuze kugcinwe isilinganiso sesilinganiso sokungu-3. Isikhundla semali edayiswayo asishintshi.
Ngaso sonke isikhathi lapho kulungiswa indawo, isisekelo sokubala se-NAV sizoshintsha. Isibonelo: Uma izikhundla zilungiswa ngo-00:00, i-NAV ingu-$1, bese i-NAV yephoyinti lokulinganisa langaphambilini ingu-$1. Ifomula yamanje yokubala ye-NAV ingu-$1×{1+ ukushintsha kwentengo yemali eyisisekelo*isilinganiso sesilinganiso sokulinganisa esihlosiwe}.
Ngaphambi kokulungiswa kwesikhundla esilandelayo, i-NAV ihlala isekelwe ku-$1 futhi ishintsha ngokushintshashintsha kwemali eyisisekelo.
Uma ukulungiswa kwesikhundla okungavamile kuqalwa lapho i-NAV iba ngu-$0.7, ngemva kwalokho ngemva kokulungiswa, i-NAV yephoyinti lokulinganisa langaphambilini iba ngu-$0.7, futhi i-NAV yamanje ibalwa njengo-$0.7×(1+ ukuguqulwa kwentengo yohlobo lwemali eyisisekelo* isilinganiso esihlosiwe sokuzuza ).
Q15 : Kuyini ukulinganisa kabusha okungajwayelekile?
Esimeni lapho kuba nokuguquguquka okukhulu kwentengo emakethe, ukuze kuvinjwe ukubiyelwa kwenkontileka nokuqedwa, ukulinganisa kabusha okungavamile kuzoqalwa.
Ngaphambi kuka-10:00 ngoMashi 16, 2020, i-Gate.io yamukela izinga lokuguquguquka kwentengo elingu-15% (lihle noma libi) uma liqhathaniswa nephoyinti langaphambilini lokulinganisa kabusha njengomkhawulo ongavamile wokulinganisa kabusha.
Ngoba imakethe ye-cryptocurrency ibilokhu iguquguquka, futhi ukulinganisa kabusha okungajwayelekile kubangwa kaningi. Kusukela ngo-10:00 ngoMashi 16, 2020, i-Gate.io izosebenzisa izinga lokuguquguquka kwentengo (elihle noma elibi) elingu-20% uma liqhathaniswa nephoyinti lokugcina lokulinganisa njengomkhawulo.
Umhlahlandlela weMikhiqizo ye-Leveraged ETF (Isahluko II)
Yiziphi izimo zemakethe ezisetshenziselwa imikhiqizo ye-ETF?
Imikhiqizo ye-ETF esetshenziswayo inezinzuzo ezimakethe zohlangothi olulodwa. Kunezindleko ezengeziwe ezingqubuzanayo ezimakethe ezinezinhlangothi ezimbili. Ake sithathe i-BTC3L njengesibonelo ukuze sibone inzuzo yemikhiqizo ye-ETF ezuzisayo ngaphansi kwezimo zemakethe ezihlukene:*3xBTC ibhekisela esivumelwaneni esivamile se-BTC_USDT esihlala njalo sesikhathi esi-
3
. Imikhiqizo ye-ETF isebenza kangcono kunezinkontileka ezihlala njalo ezisetshenziswa izikhathi ezi-3 (3xBTC). Ngezansi ukuthi inzuzo ibalwa kanjani:
Ngosuku lokuqala, intengo ye-BTC eyodwa isuka ku-$ 200 kuya ku-$ 210, izinga lokushintshashintsha liyi-5%. I-NAV (inani lengqikithi yempahla) ye-BTC3L iba ngu-$200(1+5%× 3)=$230;
Ngosuku lwesibili, intengo ye-BTC eyodwa isuka ku-$ 210 kuya ku-$ 220, izinga lokushintshashintsha liyi-4,76%. I-NAV ye-BTC3L iba yi-$230× (1+4.76%× 3)=$262.84;
Sengiphetha, izinga lokuguquguquka kulezi zinsuku ezi-2 ngu-($262.84 - $200)/$200*100% = 31.4%, elikhulu kuno-30%.
l Imakethe yohlangothi olulodwa: enye indlela eya phansi
Esimeni "sendlela eyodwa phansi", ukulahlekelwa okutholwe ekuhwebeni ngemikhiqizo ye-ETF enenzuzo kuncane kunokuhwebelana ngenkontileka. Ngezansi ukuthi ukulahlekelwa kubalwa kanjani:
Intengo ye-BTC iwela ngo-5% ngosuku lokuqala. I-NAV ye-BTC3L iba: $200 (1-5%×3)=$170;
Intengo iphinde iwele ngosuku lwesibili futhi izinga lokuguquguquka lingu-5.26%. I-NAV ye-BTC3L iba yi-$170 (1-5.26%×3)=$143.17;
Isilinganiso sokushintshashintsha sisonke kulezi zinsuku ezi-2 ngu-($143.17 - $200)/ $200*100%= -28.4%, sikhulu kuno-30%.
l Imakethe enezinhlangothi ezimbili: okokuqala phezulu, bese phansi
Uma intengo ye-BTC iqala ukukhuphuka, bese ibuyela ezingeni elifanayo, khona-ke imikhiqizo ye-ETF enenzuzo ayinazo izinzuzo ngaphezu kwezinkontileka ezingapheli.
Ngosuku lokuqala, intengo ye-BTC eyodwa isuka ku-$ 200 kuya ku-$ 210, izinga lokuguquguquka liyi-+5%. I-NAV ye-BTC3L iba yi-$200(1+5%× 3)=$230;
Ngosuku lwesibili, intengo yehla isuka ku-$210 ibuyele ku-$200, izinga lokuguquguquka lingu-4.76%. I-NAV ye-BTC3L iba ngu-$230(1-4.76%× 3)=$197.16;
Isilinganiso sokushintshashintsha sisonke kulezi zinsuku ezi-2 ngu-($197.16 - $200)/ $200*100%=-1.42%, engaphansi kuka-0%.
l Imakethe enezinhlangothi ezimbili: kuqala phansi, bese ikhuphuka
Ngokufanayo nesimo esichazwe ngenhla, uma intengo iqala ukwehla, bese ikhuphukela ezingeni elifanayo ncamashi, imikhiqizo ye-ETF enenzuzo ayilona utshalomali olufanele.
Ngosuku lokuqala, intengo ye-BTC iwela ngo-5%. I-NAV ye-BTC3L iba yi-$200 (1-5%×3)=$170;
Ngosuku lwesibili, intengo ikhuphuka isuka ku-$190 iye ku-$200. Izinga lokuguquguquka lingu-+5.26%. I-NAV ye-BTC3L iba yi-$170 (1+5.26%× 3)=$196.83;
Isilinganiso sokushintshashintsha sisonke kulezi zinsuku ezi-2 ngu-($196.83- $200)/ $200*100%=-1.59%, okungaphansi kuka-0%.
Sicela uxwayiswe: Imikhiqizo ye-ETF esetshenziswayo iwukuphuma kwezezimali okunezingozi ezinkulu. Lesi sihloko kufanele sibhekwe njengokuhlaziya okufushane esikhundleni sanoma yisiphi iseluleko sokutshala izimali. Abasebenzisi kufanele babe nokuqonda okuphelele kwemikhiqizo kanye nobungozi bayo ngaphambi kokuhweba.
