The daily net value of BlackRock IBIT highly coincides with the daily price changes of Bitcoin during the same period
FT Chinese published an article written by Wu Zhijian, the founder and CEO of Singapore's Wufu Capital, titled "Is Bitcoin Spot ETF Worth Investing In?" The article points out that Bitcoin ETFs allow more investors to easily participate in investing in the bitcoin market. After listing, BlackRock's IBIT daily net value and the daily price changes of bitcoin during the same period highly coincide, confirming that Bitcoin ETFs can indeed closely track fluctuations in bitcoin prices, allowing investors to obtain investment returns (and losses) similar to those of bitcoin. If investors want to include bitcoins in their portfolio, they should proceed gradually and keep their total investment position at a relatively low level to ensure they can withstand fluctuations in bitcoin prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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