📢 #GateOpinionQuest# for #39# is online! DYOR on the selected project, share your opinion on Gate Post, and win $300 CYRUS rewards.🎉
💬 Task for 39: Research $CYRUS and post your opinions & insights on Gate Post.
👉 How to Participate:
1.Research $CYRUS and share your opinion on Gate Post.
2.Promote $CYRUS Startup Mining:
- 20,000,000 $CYRUS are waiting for you to stake! Estimated annualized return over 156%! $USDT staking and $GT "Single-Coin Multi-Mining" is supported: https://www.gate.io/startup-mining/CYRUS?pid=52&rid=115
3.Include $CYRUS trading link in the post: https://www.gate.io/trade/CYRUS_USDT and note $CYRUS listing date: 10:00 AM, October 22, 2024 UTC.
4.Include the hashtags: #GateOpinionQuest# , #CYRUS# , #Gateio# and make sure your post has at least 60 words and gets at least 3 likes.
⚠️ Duplicate posts will not be selected. Please share your unique opinion.
⏰ Ends at 10:00 AM on October 18 (UTC)
The answer is clearly no!
On the one hand, it is reported that the relevant products can be subscribed in cash or directly with Bitcoin and Ethereum, but they need to open a relevant account in Hong Kong to operate.
On the other hand, although they are funds, their essence is to track Bitcoin or Ethereum.
Although the prices of Bitcoin and Ethereum are expensive, the Volatility is still extremely high, and big pump big dump is almost the norm. For example, on April 2, the Virtual Money market suddenly flash crash, and the prices of Bitcoin and Ethereum fall exceeded 6% during the day.
As a result, both Spot Bitcoin ETF and Spot Ethereum ETF also have very high risk attributes, and are not suitable for investors with low risk tolerance to blindly follow the enter a position.