作為最敢發(fā)聲、最堅定的比特幣(Bitcoin)看漲者之一,凱西?伍德希望創(chuàng)建一只比特幣交易所交易基金(Bitcoin ETF)。6月28日,她執(zhí)掌的方舟投資(ARK Invest)聯(lián)合21Shares向美國證券交易委員會(Securities and Exchange Commission)提交了一份申請設(shè)立比特幣ETF的文件。
伍德是眾多希望推出加密貨幣基金的基金經(jīng)理之一,但她也是其中最知名的一位。這只名為“方舟21Shares比特幣ETF”(ARK 21Shares Bitcoin ETF)的基金,將是最受關(guān)注的基金之一。但這并非鐵板釘釘?shù)氖虑?。美國證券交易委員會還沒有批準(zhǔn)一只比特幣ETF。
不過,如果加密貨幣ETF聽起來很吸引人,那么我們就需要了解一些與這只基金有關(guān)的事情。
方舟投資的比特幣ETF會面臨競爭嗎?
假設(shè)美國證券交易委員會給比特幣和其他加密貨幣ETF開了綠燈,方舟21Shares比特幣ETF幾乎肯定不是唯一的受益者。富達(dá)投資(Fidelity)、Greyscale Investments、智慧樹投資(WisdomTree)、VanEck和NYDIG等投資機(jī)構(gòu)都在等待注冊。事實上,據(jù)報道,至少有14家發(fā)行人已經(jīng)提交了以比特幣為主題的交易所交易基金申請。還有超過6家公司撤回了申請,或者申請被拒。
美國證券交易委員會何時會決定是否允許發(fā)行加密貨幣ETF?
沒有人真正知道。美國證券交易委員會已經(jīng)多次推遲做出這一決定。6月初,這家監(jiān)管機(jī)構(gòu)推遲了對芝加哥期權(quán)交易所全球市場公司(Cboe Global Markets)一項提案的決定,以收集更多的公眾意見。6月24日,它將對Valkyrie Digital Assets一項提案的決策窗口期延長至8月10日。(到目前為止,針對VanEck比特幣信托基金的決定已經(jīng)被推遲了兩次。)
這讓比特幣愛好者深感沮喪。他們原以為,此前執(zhí)教于麻省理工學(xué)院(Massachusetts Institute of Technology),以研究數(shù)字資產(chǎn)著稱的美國證券交易委員會主席加里?蓋斯勒會更快地批準(zhǔn)這些申請。然而,對加密貨幣缺乏監(jiān)管,仍然讓聯(lián)邦當(dāng)局感到擔(dān)憂。
凱西?伍德到底有多看好比特幣?
伍德是加密貨幣的最大推動者之一。她預(yù)測比特幣的價格將飆漲至50萬美元,哪怕比特幣的價值最近已經(jīng)從高點下跌了近50%。當(dāng)中國對比特幣的打壓引發(fā)擔(dān)憂,美國國內(nèi)要求政府加強(qiáng)監(jiān)管的呼聲日益高漲的時候,她說,比特幣“已經(jīng)上路,要關(guān)閉是不可能的。”
比特幣ETF的風(fēng)險因素有哪些?
正如你在過去一個月內(nèi)看到的那樣,任何與比特幣或加密貨幣掛鉤的東西都有可能劇烈波動。方舟21Shares比特幣ETF警告潛在投資者注意動量定價,并且指出,如果人們不能用比特幣買賣商品(這種情形仍然非常罕見),這只基金就有可能受到損害。
與比特幣數(shù)字錢包相關(guān)聯(lián)的私鑰丟失,或者未能監(jiān)控和升級比特幣網(wǎng)絡(luò)協(xié)議,也會造成同樣的后果。當(dāng)然,中央銀行推出自己的數(shù)字貨幣而帶來的競爭壓力,也會對比特幣的價值產(chǎn)生不利影響,并影響投資者。
向美國證券交易委員會提交的申請文件列出了大量潛在風(fēng)險,長達(dá)30頁。
這只比特幣ETF的交易代碼是什么?
其交易代碼為ARKB。
21Shares是一家什么機(jī)構(gòu)?
21Shares是歐洲市場上11種交易所交易產(chǎn)品(ETP)的發(fā)行人。它在瑞士和德國的交易所都有ETP產(chǎn)品。該公司由現(xiàn)任首席執(zhí)行官哈尼?拉什萬于2018年創(chuàng)立,最初名為Amun??偛吭O(shè)在瑞士楚格,在歐洲和紐約均設(shè)有辦事處。這家公司目前管理著20億美元的資產(chǎn),較去年3月的2700萬美元有顯著增長。
今年5月,伍德加入了21Shares母公司的董事會。
這只ETF會直接購買或出售比特幣嗎?
看起來不會。該公司在提交給美國證券交易委員會的申請文件中稱:“除非信托基金清算或出現(xiàn)特殊情況,這只ETF不會直接購買或出售比特幣,盡管21Shares將轉(zhuǎn)讓或出售比特幣以支付某些費用?!保ㄘ敻恢形木W(wǎng))
譯者:任文科
作為最敢發(fā)聲、最堅定的比特幣(Bitcoin)看漲者之一,凱西?伍德希望創(chuàng)建一只比特幣交易所交易基金(Bitcoin ETF)。6月28日,她執(zhí)掌的方舟投資(ARK Invest)聯(lián)合21Shares向美國證券交易委員會(Securities and Exchange Commission)提交了一份申請設(shè)立比特幣ETF的文件。
伍德是眾多希望推出加密貨幣基金的基金經(jīng)理之一,但她也是其中最知名的一位。這只名為“方舟21Shares比特幣ETF”(ARK 21Shares Bitcoin ETF)的基金,將是最受關(guān)注的基金之一。但這并非鐵板釘釘?shù)氖虑?。美國證券交易委員會還沒有批準(zhǔn)一只比特幣ETF。
不過,如果加密貨幣ETF聽起來很吸引人,那么我們就需要了解一些與這只基金有關(guān)的事情。
方舟投資的比特幣ETF會面臨競爭嗎?
假設(shè)美國證券交易委員會給比特幣和其他加密貨幣ETF開了綠燈,方舟21Shares比特幣ETF幾乎肯定不是唯一的受益者。富達(dá)投資(Fidelity)、Greyscale Investments、智慧樹投資(WisdomTree)、VanEck和NYDIG等投資機(jī)構(gòu)都在等待注冊。事實上,據(jù)報道,至少有14家發(fā)行人已經(jīng)提交了以比特幣為主題的交易所交易基金申請。還有超過6家公司撤回了申請,或者申請被拒。
美國證券交易委員會何時會決定是否允許發(fā)行加密貨幣ETF?
沒有人真正知道。美國證券交易委員會已經(jīng)多次推遲做出這一決定。6月初,這家監(jiān)管機(jī)構(gòu)推遲了對芝加哥期權(quán)交易所全球市場公司(Cboe Global Markets)一項提案的決定,以收集更多的公眾意見。6月24日,它將對Valkyrie Digital Assets一項提案的決策窗口期延長至8月10日。(到目前為止,針對VanEck比特幣信托基金的決定已經(jīng)被推遲了兩次。)
這讓比特幣愛好者深感沮喪。他們原以為,此前執(zhí)教于麻省理工學(xué)院(Massachusetts Institute of Technology),以研究數(shù)字資產(chǎn)著稱的美國證券交易委員會主席加里?蓋斯勒會更快地批準(zhǔn)這些申請。然而,對加密貨幣缺乏監(jiān)管,仍然讓聯(lián)邦當(dāng)局感到擔(dān)憂。
凱西?伍德到底有多看好比特幣?
伍德是加密貨幣的最大推動者之一。她預(yù)測比特幣的價格將飆漲至50萬美元,哪怕比特幣的價值最近已經(jīng)從高點下跌了近50%。當(dāng)中國對比特幣的打壓引發(fā)擔(dān)憂,美國國內(nèi)要求政府加強(qiáng)監(jiān)管的呼聲日益高漲的時候,她說,比特幣“已經(jīng)上路,要關(guān)閉是不可能的?!?/p>
比特幣ETF的風(fēng)險因素有哪些?
正如你在過去一個月內(nèi)看到的那樣,任何與比特幣或加密貨幣掛鉤的東西都有可能劇烈波動。方舟21Shares比特幣ETF警告潛在投資者注意動量定價,并且指出,如果人們不能用比特幣買賣商品(這種情形仍然非常罕見),這只基金就有可能受到損害。
與比特幣數(shù)字錢包相關(guān)聯(lián)的私鑰丟失,或者未能監(jiān)控和升級比特幣網(wǎng)絡(luò)協(xié)議,也會造成同樣的后果。當(dāng)然,中央銀行推出自己的數(shù)字貨幣而帶來的競爭壓力,也會對比特幣的價值產(chǎn)生不利影響,并影響投資者。
向美國證券交易委員會提交的申請文件列出了大量潛在風(fēng)險,長達(dá)30頁。
這只比特幣ETF的交易代碼是什么?
其交易代碼為ARKB。
21Shares是一家什么機(jī)構(gòu)?
21Shares是歐洲市場上11種交易所交易產(chǎn)品(ETP)的發(fā)行人。它在瑞士和德國的交易所都有ETP產(chǎn)品。該公司由現(xiàn)任首席執(zhí)行官哈尼?拉什萬于2018年創(chuàng)立,最初名為Amun。總部設(shè)在瑞士楚格,在歐洲和紐約均設(shè)有辦事處。這家公司目前管理著20億美元的資產(chǎn),較去年3月的2700萬美元有顯著增長。
今年5月,伍德加入了21Shares母公司的董事會。
這只ETF會直接購買或出售比特幣嗎?
看起來不會。該公司在提交給美國證券交易委員會的申請文件中稱:“除非信托基金清算或出現(xiàn)特殊情況,這只ETF不會直接購買或出售比特幣,盡管21Shares將轉(zhuǎn)讓或出售比特幣以支付某些費用?!保ㄘ敻恢形木W(wǎng))
譯者:任文科
Cathie Wood, one of the most vocal and longstanding Bitcoin bulls, wants to create a Bitcoin exchange-traded fund. Wood’s ARK Invest, in partnership with 21Shares, proposed the ETF on June 28 in a filing with the Securities and Exchange Commission.
Wood is one of many fund managers who’s looking to launch a fund centered on cryptocurrencies, but she’s also one of the most prominent. And hers, called the ARK 21Shares Bitcoin ETF, will be one of the most closely watched. But it’s not a sure thing. The Securities and Exchange Commission has yet to approve a Bitcoin ETF.
If the idea of a crypto ETF sounds appealing, though, here are a few things to know about what Wood has in mind.
Will ARK Invest’s ETF fund face competition?
Assuming the SEC gives the green light to Bitcoin and other crypto ETFs, the ARK 21Shares Bitcoin ETF will hardly be alone. Fidelity, Greyscale Investments, WidomTree, VanEck, and NYDIG all have pending registrations. In fact, at least 14 issuers have reportedly filed for a Bitcoin-themed ETF—and over a half-dozen others have withdrawn their filings or seen them rejected.
When will the SEC decide if it will allow crypto ETFs?
No one really knows. The SEC has kicked the decision down the road a few times. Earlier June, it delayed a decision on a proposal by Cboe Global Markets, seeking more public comment. And on June 24, it extended its decision window on a proposal from Valkyrie Digital Assets until Aug. 10. (The decision on the VanEck Bitcoin Trust has been delayed twice so far.)
That has been frustrating for Bitcoin enthusiasts who thought SEC Chair Gary Gensler, a former teacher at the Massachusetts Institute of Technology specializing in digital assets, would move faster to approve these. The lack of oversight on cryptocurrencies continues to worry federal authorities, however.
Exactly how bullish is Cathie Wood about Bitcoin?
Wood is one of cryptocurrency’s biggest boosters. She has predicted Bitcoin will go as high as $500,000, even with its recent loss of nearly 50% of its value from its high. And when concerns arose over China’s crackdown on Bitcoin and increased domestic calls for government regulation, she said it was “already on its way and it’ll be impossible to shut it down.”
What are the risk factors of a Bitcoin ETF?
As you’ve seen in the past month, anything that’s tied to Bitcoin or cryptocurrency risks volatility. And the ARK 21Shares Bitcoin ETF warns potential investors about momentum pricing and that if people fail to use Bitcoin to buy and sell goods (something that’s still very rare), it could hurt the fund.
So could the loss of the private key tied to its digital wallet—or a failure to monitor and upgrade the Bitcoin network protocol. And, of course, possible competition from central banks launching their own digital currencies could adversely affect Bitcoin values and impact investors.
The list of potential risks in the SEC filing is extensive, spanning 30 pages.
What will the Bitcoin ETF’s ticker symbol be?
The ETF will trade under the symbol ARKB.
What is 21Shares?
21Shares is the issuer of 11 exchange-traded products (ETPs) in European markets. It has ETPs on exchanges in both Switzerland and Germany. Founded in 2018 by Hany Rashwan, who is currently CEO, it was originally called Amun. It is headquartered in Zug, Switzerland, and has offices throughout Europe and in New York. The company currently has $2 billion in assets under management, a marked increase from $27 million last March.
In May, Wood joined the board of 21Shares’ parent company.
Will the ETF buy or share Bitcoin directly?
It doesn’t appear so. In its SEC filing, the company said, “Barring the liquidation of the Trust or extraordinary circumstances, the [ETF] will not purchase or sell Bitcoin directly, although [21Shares] will transfer or sell Bitcoin to pay certain expenses.”