Domestic major virtual assets are showing mixed results.
At 1:13 pm on the 19th, domestic Bitcoin (BTC) on Bithumb is trading at 90,034,000 won, up 0.18% from the previous day. Ethereum (ETH) fell 0.17% to 4.808 million won. Tether (USDT) was traded at 1,402 won, down 0.07%, Binance Coin (BNB) was up 0.25% at 803,000 won, and Solana (SOL) was up 2.12% at 226,200 won.
Related articles
The international market is also mixed. At the same time, on CoinMarketCap, BTC recorded $64,209.26, down 0.93% from the previous day. ETH was traded at $3,426.12, down 0.10%. USDT fell 0.02% to $0.9998, and BNB fell 0.33% to $572.21. SOL was trading at $161.43, up 1.83%.
The total market capitalization of virtual assets is $2.35 trillion (approximately KRW 3259.5319 trillion), an increase of $1.21 trillion (approximately KRW 1678.3122 trillion) compared to the same period last year. The fear and greed index of virtual asset data company Alternative.Me is in the 'greed' state at 60 points, down 1 point from the previous day.
This week, leveraged and inverse exchange traded funds (ETFs) were launched one after another.
On the 17th (local time), virtual asset management company Direxion launched the leverage ETF 'LMBO' and the inverse ETF 'REKT', which track indices related to blockchain, non-fungible tokens (NFT), and decentralized finance (DeFi). Leveraged ETFs have high risk as they can aim for twice the return of the underlying index and are suitable for short-term investment. An inverse ETF is an investment product that bets on decline rather than rise and can be used as a hedge against a falling market.
Recently, the launch of blockchain leveraged and inverse ETFs continues. RexShares and Turtle Capital Management also launched leveraged ETFs BTCL and BTCZ last week, respectively, which provide twice the return of the BTC spot price.
It is expected that leveraged and inverse ETFs will not have a significant impact on virtual asset prices. Lewis Sykes, a virtual asset analyst at Allstar Chart, explained, “The scale of the leveraged ETF is too small to have an impact on the virtual asset market, including BTC.”
- Reporter Yang Jin-ha
- jjing@rni.kr
< Copyright ⓒ Decenter, unauthorized reproduction and redistribution prohibited >
