BISS is going to launch leveraged Ethereum ETFs on 20:00, Oct, 23. ETH 3X Long (USDT), ETH 3X Short (USDT) trading pairs will also be available by then.
BISS has received high market recognition for its leveraged Bitcoin ETF products launched on Sep. 18. As an important component of our long-term strategy, leveraged ETFs play an indispensable role in the business architecture of BISS exchange. By providing investors with a greater variety of ETF products, BISS is constantly trying to make our product line more complete. In the future, BISS will launch more leveraged ETF products with different underlying assets to better meet the demands of crypto investors.
What are leveraged Ethereum ETFs?
Leveraged Ethereum ETFs are a type of investment product that tracks the daily price of ETH and earns multiple times of daily gains of ETH (such as 3x). If ETH price rises by 1%, a 3x ETF will rise by 3%; or a -3x ETF will drop by 3%.
In nature, a leveraged ETF is a fund managed by a professional financial engineering team. Each ETF product corresponds to a certain amount of futures contract position. Fund managers can keep a fixed leverage ratio during a certain period by dynamically adjusting their futures position. The investment portfolio is managed and maintained by a professional team so that investors can easily build their own fixed leverage investment portfolio without having to learn how the mechanism works.
Features of leveraged Ethereum ETFs:
Similar to futures contract products, leveraged ETF products are derivatives of leveraged products, which can magnify returns for investors and become a low-cost hedge tool. Moreover, leveraged ETF products boast some unique features:
1. Based on spot trading mode. No margin required. Users can trade this product just as they deal with ETH spot trading.
2. No margin call risk. Due to the intrinsic characteristics of leveraged ETF products, we will readjust our investment portfolio on a regular basis so that investors need not worry about margin call risks.
Trading Fees of Leveraged Ethereum ETFs
1. Trading fee: 0.2%
2. Fund fee: The foundation will charge a daily 0.1% of the fund's net value based on the leverage you've chosen on 8:00(Hong Kong Time) every day. The charges will be used to pay for the fund fees, trading fees and other necessary expenses incurred (e.g. If you have a 3x leverage, then a daily 0.3% of the fund's net value will be charged).
Thank you for supporting BISS!
Official website: https://biss.com