What is Bitcoin ETF?

.US Stock Market Review 8 – 12 Apr 2024

$Dow Jones Industrial Average(.DJI.US)$ -2.59%
$Nasdaq Composite Index(.IXIC.US)$ -0.76%
$S&P 500 Index(.SPX.US)$ Standard -1.70
Stocks stumbled on Friday as techs lost their winning ways, and as investors reeled from the banking sector's mixed results to kick off earnings season.
Event to watch: 15 Apr US Retail & Core Retail Sales, 17 Apr US Crude Oil Inventories, 18 Apr IJC & Existing Home Sales.

.MY Stock Market Review 8 – 12 Apr 2024

$FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$ went down slightly by -0.27%, closing at 1,551.04, still maintaining the 1,550 resistance.
Bursa Malaysia's Property Index climbed to a six-year high on Friday amid better market sentiment surrounding the sector.
Event to watch: 19 Apr MY Inport & Export, MY Trade Balance and MY YoY GDP data.

.Stock of the week $iShares Bitcoin Trust(IBIT.US)$

What is Bitcoin ETF?

BlackRock's iShares Bitcoin Trust (IBIT) spot bitcoin exchange-traded fund (ETF) is a financial product allowing investors to gain exposure to bitcoin's price movements without owning the cryptocurrency itself. The investment seeks to reflect generally the performance of the price of bitcoin. The shares are intended to consitute a simple means of making an investment similar to an investment in bitcoin rather than by acquiring, holding and trading bitcoint directly on a peer-to-peer or other basis or via a digital asset exchange.

What Is Halving And How Will It Impact the Bitcoin Market?

The halving process slows the rate at which new bitcoins are created, and therefore restricts supply. When cryptocurrency-mining companies and individuals find out the reduced payment that they will receive in return for their contribution to the system's smooth operation. In short , halving will make the supply of bitcoin cut in to half as programmed.

The first "halving" occurred in November 2012, the second in July 2016 and the third in May 2020. The fourth is due in Mid-April which is 20th April 2024, Friday.

After understanding its supply, let's look into IBIT capital inflow (demand), base on the chart below you may observed that iShares Bitcoin Trust. The law of supply and demand states that if a product has a high demand and low supply, the price will increase.

You may utilize the function of Capital trends in the moomoo app to check out their total Capital Inflow vs Capital Outflow as per screenshot below in order for you to more accurately analyze market demant base on the capital trend chart.

In conclusion, understanding how crypto assets work may potentially lower investment risks. By grasping concepts like blockchain and decentralization, investors can make better decisions and navigate market fluctuations more confidently. This knowledge helps in assessing projects, identifying risks, and managing portfolios effectively, leading to more secure investments in the volatile crypto space.

Disclaimer：

This content is for reference only and does not constitute any investment advice, past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more