Driven by the election of Trump as the new President of the United States, the continuous net inflow of Bitcoin spot ETFs, and the increased investment in Bitcoin by listed companies such as MicroStrategy, Bitcoin has ushered in a new round of explosion this month. This (23rd) morning, it once surged to $99,588, just $500 away from the $100,000 target.
00909 Cathay Digital Payment ETF Wins the Top-Performing ETF in Taiwan
It is worth mentioning that the ETF product "Cathay Global Digital Payment Services ETF (00909)", which is most closely related to cryptocurrencies in Taiwan, has also experienced an explosion recently. According to yahoo stock market data, since November, accompanied by the continued rise of Bitcoin, the market price of 00909 has risen from $28.71 to the previous day's closing price of $36.33, and the trading volume has even doubled.
Furthermore, in terms of the annual return rate, quarterly return rate, and monthly return rate of 00909, it has won the top three ETF returns in Taiwan, with 97.44%, 29.76%, and 16.57%, making netizens exclaim that it is the "most crazy ETF stock".
00909 Opens the Convenient Door for Traditional Investors
00909's holdings cover cryptocurrencies, blockchain, and exchanges. A closer look reveals that it is composed of 30 constituent stocks, including the Bitcoin holding giant MicroStrategy among US-listed companies, the cryptocurrency-supporting online broker Robinhood, and the US-listed exchange Coinbase.
In addition to the general rise of crypto-concept stocks, 00909 also has the following benefits for some traditional investors who are not so familiar with the Web3 market:
1. Compared to operating wallets, exchanges, and performing KYC, 00909 can be directly invested in the stock market, allowing non-crypto investors to conveniently enjoy the gains brought by the rise of cryptocurrencies;
2. 00909's coverage includes exchanges, payment service providers, and listed companies holding Bitcoin, which can diversify the volatility and risk compared to directly purchasing Bitcoin.
3. Trump's victory is expected to bring friendly reforms to the crypto field, and in the eyes of many investors, investing in 00909 still has great upside potential.
