Taiwanese can now buy Bitcoin ETF! Yuanta: Professional investors can place duplicate orders, what are the conditions

At the end of September, the FSC announced that professional investors can invest in foreign virtual asset ETFs through domestic securities firms' delegated trading. On December 24th, Yuanta Securities took the lead by officially allowing domestic professional investors to purchase foreign virtual asset ETFs through its Large Investors app and Yuanta Securities Wealth Management website.

FSC: Institutional investors, high net worth users, etc. can invest in cryptocurrency ETFs

The FSC announced at the end of September that it will allow professional investors to entrust investment in foreign virtual asset ETFs. Considering the complex nature and drastic price fluctuations of virtual assets, the FSC has limited the investment in virtual asset ETFs to professional institutional investors, high net worth investment firms, high-asset clients, corporate or fund investors classified as professional investors, and natural persons classified as professional investors. Except for institutional investors, all others must sign a risk disclosure statement.

Yuanta Securities presents a Christmas gift. Professional investors can invest in virtual currency ETFs.

On December 24th, Yuanta Securities announced that qualified investors can now trade virtual asset ETFs through the company's discretionary trading. In practice, Yuanta Securities stipulates that investors must be professional investors, confirm the client's risk level before trading to match the product, have sufficient investment experience and professional knowledge of virtual assets, and sign a risk disclosure statement before placing an order.

Yongfeng Jin's related ETFs listed on the US stock market currently have more than 70, and the trading process and rules are the same as the general US stock market. Whether it is IBIT tracking the price of Bitcoin, BITO tracking the price of Bitcoin futures, or ETH tracking the price of Ethereum, they are all open for trading as delegated commodities.

Bitcoin performance in 2024 is popular, but risks still need to be watched

Yuanta Securities pointed out that although the cryptocurrency market is hot in 2024 and attracts a large number of investors, investors should also be aware of the potential risks. Cryptocurrencies have high volatility and drastic price changes, which may pose significant investment risks. In addition, regulations on cryptocurrencies are constantly changing around the world, which increases investment risks due to uncertainty. Despite providing new investment opportunities, cryptocurrencies still require caution, full understanding, and preparation to deal with potential risks.

Is it better to invest in Bitcoin with a micro-strategy? ETF? Or hold spot?

As for whether traditional financial investors should invest in Bitcoin? Or you should hold it as an ETF or buy spot directly. Leaving aside the legal provisions, the asset management company, which is also the issuer of Bitcoin and Ether ETFs, BlackRock recommends investing 1~2% of Bitcoin in its investment position. This is equivalent to the barbell strategy mentioned in the book "Antifragility", where the down-level risk is controllable, but there is an opportunity to strive for higher returns than traditional targets.

Further Reading How much Bitcoin to buy? BlackRock: 1%-2% of investment allocation, high risk cannot be ignored

Xie Menggong, the host of the well-known financial podcast 'Stock Cancer,' responded to a listener's question during a previous Q&A session about whether to invest in micro-strategies or virtual asset ETFs, saying that he does not invest in related targets. But if he truly believes in Bitcoin, he thinks that directly holding spot positions would be better than indirect holdings.

This article is authorized for reproduction from: "Chain News"

Taiwanese can now buy Bitcoin ETFs! E. Sun Bank: Professional investors can make multiple commissions. What are the conditions? This article was first published on 'Crypto City'.