# Сопутствующие статьи по теме Investment

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Investment", 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

Blockchain Capital Partner: Crypto Assets Are Undergoing a Great Repricing

Despite achieving unprecedented success with record-breaking metrics—$33 trillion in stablecoin transaction volume, 3.2 billion retail transactions, and widespread adoption by major financial institutions and tech companies—the crypto industry is experiencing deep pessimism due to declining token prices. This divergence between fundamental success and market performance reflects a structural reassessment of where value accumulates. The core issue is a decoupling between product utility and token value. While infrastructure tokens (L1s, L2s, bridges, protocols) were expected to capture value, economic benefits are increasingly flowing to application-layer entities controlling user relationships and distribution—such as Phantom, Polymarket, Tether, and centralized exchanges like Coinbase. These players leverage routing power to commoditize underlying infrastructure, pushing value upward in the stack. This shift challenges long-held investment theses that assumed token holders would benefit directly from protocol-scale adoption. The market now demands explicit links between usage, revenue, and token value. While infrastructure remains relevant, tokens are evolving toward models that integrate application-layer economics or represent tokenized equity with cash-flow rights. The industry is transitioning from speculation and validation to a focus on sustainable value capture, where success requires not just building useful products but ensuring economic rewards align with contributions.

marsbit02/21 07:25

Blockchain Capital Partner: Crypto Assets Are Undergoing a Great Repricing

marsbit02/21 07:25

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