What are the mechanisms behind ETFs in the digital currency market?

1 answers

• PRUTHVIRAJ CHAVANFeb 22, 2024 · 2 years ago
  BYDFi, a leading digital currency exchange, offers ETFs that provide investors with exposure to the digital currency market. These ETFs operate based on a set of mechanisms that ensure their performance closely tracks the underlying digital currencies. The creation and redemption process allows for the efficient management of the ETF's share supply, ensuring that it remains in line with market demand. Authorized participants, who are carefully selected by BYDFi, play a crucial role in this process by facilitating the creation and redemption of shares. The ETFs offered by BYDFi are designed to provide investors with a convenient and regulated way to gain exposure to the digital currency market.
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