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X @BSCN
BSCN· 2025-12-19 06:00
🚨 BITWISE FILES WITH THE SEC TO LAUNCH A SPOT SUI ETF!The fund would hold SUI directly, giving Wall Street regulated exposure. What it means 👇https://t.co/8xNQmRjctP ...
ETF观察日志:麦高视野
Mai Gao Zheng Quan· 2025-12-19 05:15
Quantitative Models and Construction Methods 1. Model Name: RSI (Relative Strength Index) - **Model Construction Idea**: RSI is used to measure the relative strength of price movements over a specific period, identifying overbought or oversold market conditions[2] - **Model Construction Process**: The RSI is calculated using the following formula: $ RSI = 100 - \frac{100}{1 + RS} $ where $ RS = \frac{\text{Average Gain over N periods}}{\text{Average Loss over N periods}} $ In this report, the RSI is calculated over a 12-day period. RSI values above 70 indicate an overbought market, while values below 30 indicate an oversold market[2] - **Model Evaluation**: RSI is a widely used technical indicator for short-term market trend analysis, providing insights into potential price reversals[2] 2. Model Name: Net Purchase (NetBuy) - **Model Construction Idea**: This model calculates the net purchase amount of ETFs to assess fund inflows or outflows on a daily basis[2] - **Model Construction Process**: The formula for NetBuy is: $ NETBUY(T) = NAV(T) - NAV(T-1) \times (1 + R(T)) $ where: - $ NETBUY(T) $ is the net purchase amount on day T - $ NAV(T) $ is the net asset value on day T - $ NAV(T-1) $ is the net asset value on the previous day - $ R(T) $ is the return on day T[2] - **Model Evaluation**: This model provides a clear view of daily fund flows, which is critical for understanding investor sentiment and market dynamics[2] --- Model Backtesting Results RSI Model - RSI values for various ETFs are provided, such as: - Huatai-PineBridge CSI 300 ETF: RSI = 48.56[4] - E Fund CSI 300 ETF: RSI = 47.80[4] - Southern CSI 500 ETF: RSI = 50.43[4] - Huaxia SSE 50 ETF: RSI = 34.90[4] - Huaxia Hang Seng Technology ETF: RSI = 34.54[7] Net Purchase Model - Net purchase values for various ETFs are provided, such as: - Huatai-PineBridge CSI 300 ETF: NetBuy = 8.08 billion RMB[4] - E Fund CSI 300 ETF: NetBuy = 2.37 billion RMB[4] - Southern CSI 500 ETF: NetBuy = 0.58 billion RMB[4] - Huaxia SSE 50 ETF: NetBuy = -1.09 billion RMB[4] - Huaxia Hang Seng Technology ETF: NetBuy = 4.02 billion RMB[7]
国泰君安期货商品研究晨报:贵金属及基本金属-20251219
Guo Tai Jun An Qi Huo· 2025-12-19 01:42
1. Report Industry Investment Ratings No relevant content provided. 2. Core Views of the Report - Gold: Inflation is moderately declining [1][2]. - Silver: Undergoing high - level adjustment [1][2]. - Copper: With decreasing internal and external inventories, prices are supported [1][2]. - Zinc: Trading in a sideways range [1][2]. - Lead: Decreasing inventories support prices [1][2]. - Tin: Supply is facing new disruptions [1][2]. - Aluminum: Trading in a range [1][2]. - Alumina: Slightly declining [1][2]. - Cast aluminum alloy: Following the trend of electrolytic aluminum [1][2]. - Platinum: With continuous inflows into ETFs, prices are oscillating upwards [1][2]. - Palladium: Successfully breaking through previous highs, with strong upward momentum [1][2]. - Nickel: The structural surplus is shifting, and attention should be paid to Indonesian policy risks [1][2]. - Stainless steel: Supply and demand are both weak, and steel prices are oscillating at low levels [1][2]. 3. Summaries by Related Catalogs Gold and Silver - **Price and Trading Volume**: - For gold, the closing price of Shanghai Gold 2602 was 980.50 with a daily increase of 0.08%, and the night - session closing price was 980.20 with a 0.02% increase [4]. - For silver, the closing price of Shanghai Silver 2602 was 15521 with a daily increase of 0.06%, and the night - session closing price was 15228.00 with a - 1.42% decrease [4]. - Trading volumes of Shanghai Gold 2602 and Shanghai Silver 2602 decreased compared to the previous day [4]. - **Inventory and Spread**: - Gold ETF holdings remained unchanged, and silver ETF holdings (the day before yesterday) also remained unchanged [4]. - Gold and silver inventories showed different changes, with Shanghai gold inventory decreasing by 6 kg and Comex silver inventory decreasing by 895,355 ounces [4]. - Spreads of gold and silver contracts also showed various changes [4]. - **Macro and Industry News**: US inflation slowed more than expected, and the European Central Bank and the Bank of England had different policy stances [5][9]. Copper - **Price and Trading Volume**: - The closing price of the Shanghai copper main contract was 92,600 with a - 0.24% daily decrease, and the night - session closing price was 92870 with a 0.29% increase [10]. - Trading volumes of Shanghai copper index decreased, while the trading volume of LME copper 3M electronic disk increased [10]. - **Inventory and Spread**: - Both Shanghai copper and LME copper inventories decreased, with LME copper's注销仓单 ratio decreasing by 1.14% [10]. - Various copper spreads showed different changes, such as the Shanghai copper spot to LME cash spread decreasing by 215 [10]. - **Macro and Industry News**: US inflation slowed, and there were industry developments like Korea Zinc's investment plan and Peru's copper production increase [10][12]. Zinc - **Price and Trading Volume**: - The closing price of the Shanghai zinc main contract was 23035 with a 0.26% daily increase, and the LME zinc 3M electronic disk closing price was 3071.5 with a 1.20% increase [13]. - Trading volumes of Shanghai zinc and LME zinc decreased compared to the previous day [13]. - **Inventory and Spread**: - Shanghai zinc futures inventory decreased by 1920 tons, while LME zinc inventory increased by 1700 tons [13]. - Spreads such as Shanghai 0 zinc升贴水 increased by 20, and LME CASH - 3M升贴水 decreased by 5.1 [13]. - **News**: Trump's remarks on the Fed chair and US inflation data were reported [14]. Lead - **Price and Trading Volume**: - The closing price of the Shanghai lead main contract was 16785 with a 0.27% daily increase, and the LME lead 3M electronic disk closing price was 1961 with a 0.98% increase [16]. - Trading volumes of Shanghai lead and LME lead decreased compared to the previous day [16]. - **Inventory and Spread**: - Both Shanghai lead and LME lead inventories decreased, with LME lead注销仓单 also decreasing by 3450 tons [16]. - Spreads such as Shanghai 1 lead升贴水 remained unchanged, and LME CASH - 3M升贴水 increased by 0.97 [16]. - **News**: US inflation data and ECB policy were mentioned [17]. Tin - **Price and Trading Volume**: - The closing price of the Shanghai tin main contract was 334,380 with a 1.76% daily increase, and the night - session closing price was 338,950 with a 1.18% increase [19]. - The trading volume of the Shanghai tin main contract increased by 76,691 compared to the previous day [19]. - **Inventory and Spread**: - Both Shanghai tin and LME tin inventories increased, with LME tin's注销仓单 ratio decreasing by 0.38% [19]. - Spreads such as SMM 1 tin ingot price increased by 9,900 [19]. - **Macro and Industry News**: Similar to other metals, news about US inflation, central bank policies, etc. were reported [20]. Aluminum, Alumina, and Cast Aluminum Alloy - **Price and Trading Volume**: - For aluminum, the closing price of the Shanghai aluminum main contract was 21955 with a 40 increase compared to the previous day, and the LME aluminum 3M closing price was 2917 with an 11 increase [24]. - For alumina, the closing price of the Shanghai alumina main contract was 2553 with a - 5 decrease [24]. - For cast aluminum alloy, the closing price of the aluminum alloy main contract was 21110 with a 65 increase [24]. - Trading volumes and positions of these metals showed different changes [24]. - **Inventory and Spread**: - Aluminum inventories in different places showed different trends, and spreads such as LME aluminum cash - 3M价差 and near - month contract to consecutive - one contract spreads also changed [24]. - **News**: ECB and Bank of England policies were reported [25]. Platinum and Palladium - **Price and Trading Volume**: - Platinum futures prices showed an upward trend, with the closing price of platinum futures 2606 at 542.60 with a 2.85% increase [27]. - Palladium prices also increased, with the closing price of New York lithium main - continuous at 1778.50 with a 5.05% increase [27]. - Trading volumes and positions of platinum and palladium showed different changes [27]. - **Inventory and Spread**: - Platinum and palladium ETF holdings increased, and spreads such as PT9995 to PT2606价差 and 人民币现货包金价格 to PD2606价差 changed [27]. - **Macro and Industry News**: US inflation data, central bank policies, and other news were reported [30]. Nickel and Stainless Steel - **Price and Trading Volume**: - The closing price of the Shanghai nickel main contract was 113,940 with a 140 increase compared to the previous day, and the closing price of the stainless steel main contract was 12,420 with a 40 increase [31]. - Trading volumes of Shanghai nickel and stainless steel decreased compared to the previous day [31]. - **Industry - related Data**: - Various prices in the nickel industry chain, such as 1 imported nickel, 8 - 12% high - nickel pig iron, etc., showed different changes [31]. - In the stainless steel industry, prices of 304/2B卷 - 毛边, 304/2B卷 - 切边, etc., also changed [31]. - **Macro and Industry News**: There were news about Indonesian nickel - related policies, China's import subsidy suspension, and US tariff threats [31][33].
They Are The Ones Responsible for the Crypto Dump
Altcoin Daily· 2025-12-18 23:57
Regulatory Landscape & Market Structure - US Senate delays the Clarity Act, postponing the crypto market structure bill until 2026 [1] - Key issues remain unresolved, including regulations for top government officials profiting from crypto ventures and the extent of decentralized finance regulation [4][5] - Senate Banking Committee anticipates a markup on bipartisan digital asset market structure legislation in early 2026 [7] - Binance secures first global license under ADGM framework, separating trading, custody, settlement, and off-exchange activities [18][19] Market Trends & Investment - Despite Bitcoin's price remaining relatively stable year-to-date, fundamentals have drastically changed [7] - Traditional finance is increasingly embracing crypto, with banks like JP Morgan engaging in various crypto-related activities [9][10] - XRP ETF inflows have surpassed $1 billion since launching in November, demonstrating positive net inflows for over 30 consecutive days [14] - Solana ETFs have the highest net inflows of all crypto ETFs, exceeding $63 million in the last 7 days [15] - Investors are rotating profits from Ether and Bitcoin ETFs into Solana and XRP [16] Company Initiatives - Coinbase is expanding its platform to offer stocks, becoming an "Everything Exchange" with multiple asset classes [20][22]
ETF of the Week: Avantis US Small Cap Value ETF (AVUV)
Etftrends· 2025-12-18 18:44
AvantisAVIVchuck jaffecore strategies Content Hubetf of the weekexpert insightsPodcaststodd rosenbluth Earn free CE credits and discover new strategies VettaFi's Head of Research Todd Rosenbluth discussed the Avantis US Small Cap Value ETF (AVUV) on this week's "ETF of the Week†podcast with Chuck Jaffe of "Money Life.†For more news, information, and strategy, visit the Core Strategies Content Hub. RELATED TOPICS ...
X @The Block
The Block· 2025-12-18 17:49
Bitwise joins race to launch SUI ETF with latest SEC filing https://t.co/2GO98SfcQX ...
X @Cointelegraph
Cointelegraph· 2025-12-18 17:10
🔥 JUST IN: Bitwise has officially filed an S-1 for a Sui ETF, marking the start of the SEC approval process. https://t.co/3AmeFM9Ojl ...
X @Bloomberg
Bloomberg· 2025-12-18 16:39
In this episode of Trillions, we talk to Invesco’s global head of ETFs about Bitcoin, smart-beta and much more https://t.co/u7riwxylMr ...
X @CoinMarketCap
CoinMarketCap· 2025-12-18 16:34
LATEST: 📊 Asset manager Bitwise predicts that Bitcoin, Ethereum and Solana will all set new all-time highs in 2026, and that ETFs will vacuum up all the new BTC, ETH and SOL supply as institutional demand accelerates. https://t.co/J7YO5g7RkC ...
Cannabis ETF (CNBS) Hits New 52-Week High
ZACKS· 2025-12-18 16:20
Core Viewpoint - The Amplify Seymour Cannabis ETF (CNBS) has experienced significant growth, reaching a 52-week high and increasing by 199.07% from its 52-week low price of $13.96/share, indicating strong momentum in the cannabis sector [1][2]. Group 1: Fund Performance - CNBS employs an active strategy to provide diversified exposure across the U.S. cannabis ecosystem, charging 76 basis points in annual fees [1]. - The fund has a positive weighted alpha of 19.45, suggesting potential for further gains in the near term [3]. Group 2: Market Drivers - The cannabis sector is gaining renewed attention due to President Trump's plan to ease federal regulations on marijuana, which could serve as a significant policy tailwind [2]. - Reclassifying marijuana to a lower-risk category could enhance research funding and improve access to capital by reducing legal constraints [2].