19 January 2023: Wealth Product Ideas
| Fund Name (Ticker) | CSOP Bitcoin Future ETF (3066 HK) |
| Description | CSOP Bitcoin Futures ETF is an actively managed exchange-traded fund incorporated in HK. The investment objective of the Fund is to achieve long-term capital growth by primarily investing in CME Bitcoin Futures adopting an active investment strategy. The Fund does not invest directly in bitcoin. There is no assurance that the Fund will achieve its investment objective. |
| Asset Class | Futures |
| 30-Day Average Volume (as of 17 Jan) | 779,405 (20-Day) |
| Net Assets of Fund (as of 17 Jan) | US$66,875,416 |
| 12-Month Trailing Yield | N.A. |
| P/E Ratio | N.A. |
| P/B Ratio | N.A. |
| Management Fees (Annual) | 1.99% |
Top 10 Holdings
N.A.
- BUY Entry –9.50 Target – 10.90 Stop Loss – 8.80
- Major Crypto Rebounded
- BTC is on the charge in 2023, clocking a gain of 26% in January 2023.
- The biggest cryptocurrency has recently recovered all its losses since the collapse of FTX, breaking back above the $20,000 level and putting it on course for its best month since October 2021.
- Bitcoin’s network fundamentals also give investors a cause for optimism with greater mining difficulty on the network.
- Investors are turning towards risk mode towards cryptocurrencies.
Source: Bloomberg
| Fund Name (Ticker) | ProShares Bitcoin Strategy ETF (BITO US) |
| Description | The ProShares Bitcoin Strategy ETF (BITO) is the first U.S. bitcoin-linked ETF. Since inception, the fund has closely tracked the performance of spot bitcoin. BITO is the world’s largest and most actively traded cryptocurrency ETF. ProShares is the first and largest U.S. provider of bitcoin-linked ETFs. |
| Asset Class | Alternatives |
| 30-Day Average Volume (as of 18 Jan) | 5,471,730 |
| Net Assets of Fund (as of 30 Sep) | US$616,470,000 |
| 12-Month Trailing Yield (as of 31 Dec) | -63.91% |
| P/E Ratio | N.A. |
| P/B Ratio | N.A. |
| Management Fees | 0.95% |
Top 10 Holdings
(as of 18 Jan 2023)
- BUY Entry – 13.00 Target – 15.00 Stop Loss – 13.90
- Major Crypto Rebounded
- BTC is on the charge in 2023, clocking a gain of 26% in January 2023.
- The biggest cryptocurrency has recently recovered all its losses since the collapse of FTX, breaking back above the $20,000 level and putting it on course for its best month since October 2021.
- Investors are turning towards risk on mode towards cryptocurrencies.
Source: Bloomberg
