# Сопутствующие статьи по теме ETFs

Новостной центр HTX предлагает последние статьи и углубленный анализ по "ETFs", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Prediction Market ETFs: A Foray into the Mainstream or Playing with Fire?

Several major ETF issuers, including Bitwise Asset Management, GraniteShares, and Roundhill Investments, have recently filed applications with the U.S. SEC to launch prediction market ETFs. These ETFs are designed to track the outcomes of U.S. political events, such as the 2028 presidential election and the 2026 midterms, allowing investors to trade election probabilities through traditional brokerage accounts like Robinhood or Fidelity. Prediction markets aggregate crowd-sourced forecasts using real-money contracts, where prices reflect the market’s consensus probability of an event occurring. Platforms like Polymarket and Kalshi have demonstrated strong predictive accuracy in events like the 2024 U.S. election, often outperforming traditional polls due to their incentive-based structure. The proposed ETFs would track the price movements of these prediction market contracts, with share values fluctuating between $0 and $1. If the predicted event occurs, the corresponding “Yes” ETF would settle near $1; otherwise, it would approach $0. Unlike Bitcoin ETFs, which track asset prices, these are binary outcome products, more akin to options or insurance. If approved, these ETFs could bring prediction markets into mainstream finance, offering new tools for hedging and macro risk management. However, concerns remain about potential market manipulation, public perception influence, and regulatory approval, as the SEC may view them as gambling-like instruments. The move represents a significant test of how “probability as an asset” is accepted in traditional markets.

marsbit02/22 12:46

Prediction Market ETFs: A Foray into the Mainstream or Playing with Fire?

marsbit02/22 12:46

Prediction Market ETFs: A Foray into the Mainstream or Playing with Fire?

A new wave of ETF applications has been submitted to the SEC by asset managers including Bitwise, GraniteShares, and Roundhill Investments. These ETFs aim to track the outcomes of U.S. political elections—such as the 2028 presidential race and 2026 midterm control of Congress—by packaging prediction market contracts into tradable securities. This would allow mainstream investors to use traditional brokerage accounts to bet on electoral results, similar to platforms like Polymarket or Kalshi, but within the regulated financial system. Prediction markets aggregate crowd-sourced probabilities through financial incentives, often demonstrating stronger predictive accuracy than traditional polls, as seen during the 2024 U.S. election. The proposed ETFs would reflect binary event probabilities, with share prices fluctuating between $0 and $1. If the predicted outcome occurs, the ETF value approaches $1; otherwise, it nears zero. Most funds would liquidate after the event settles. This move could significantly broaden participation and liquidity, potentially making prediction markets a tool for hedging policy risks or macro strategies. However, it also raises regulatory and ethical concerns, including potential market influence on public perception and the risk of manipulation. The SEC’s approval remains uncertain, as it may view these products as blurring the line between investing and gambling. The outcome of these applications could signal a major shift in how probabilistic events are traded and perceived in mainstream finance.

Odaily星球日报02/22 12:43

Prediction Market ETFs: A Foray into the Mainstream or Playing with Fire?

Odaily星球日报02/22 12:43

When "Old Maps" No Longer Apply: A Review of 8 Failed Classic Crypto Metrics and the Structural Reasons Behind Them

Title: When "Old Maps" No Longer Apply: 8 Failed Classic Crypto Indicators and Their Structural Causes The crypto market in early 2026 is marked by confusion as traditional on-chain and technical indicators have collectively failed. This analysis examines eight key metrics that have lost predictive power and explores the underlying structural market shifts causing their obsolescence. The core findings reveal that institutionalization has fundamentally altered market microstructure. Bitcoin ETF inflows created sustained demand, breaking the pure halving-driven narrative. The 2024 halving's supply reduction became negligible against Bitcoin's multi-trillion dollar market cap. This institutional participation smoothed volatility from over 100% to ~50%, preventing the extreme moves needed to trigger indicators like the Pi Cycle Top (relying on 111-day/350-day MA crossover) and Rainbow Chart (based on logarithmic growth curves). The MVRV Z-Score failed as institutional buying raised the realized value floor, compressing its historical range. The "altcoin season" never materialized because ETF flows went exclusively to Bitcoin, not rotating to altcoins, while AI and precious metals diverted capital from crypto overall. The Fear & Greed Index became unreliable as institutional flows decoupled from retail sentiment. The NVT ratio malfunctioned as on-chain volume no longer represented real economic activity. Finally, PlanB's S2F model failed spectacularly (predicting $500K vs. $120K actual) by ignoring demand-side variables and the impossibility of exponential growth at Bitcoin's current scale. Ultimately, these indicators failed because they relied on outdated assumptions: extreme volatility, retail-driven markets, and pure on-chain data analysis. The market has transitioned from a digital commodity to a macro asset influenced by Federal Reserve policy and global liquidity rather than just halving cycles. Investors must understand these structural changes rather than seeking new universal indicators.

marsbit02/19 03:50

When "Old Maps" No Longer Apply: A Review of 8 Failed Classic Crypto Metrics and the Structural Reasons Behind Them

marsbit02/19 03:50

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