Recently, many friends who have just entered the cryptocurrency circle asked me: I often hear people talking about the word ETF. What exactly is ETF? I sorted it out and explained to you what ETF is in the simplest terms.
ETF is a traded open-end index fund, usually called an exchange-traded fund. It is an open-end fund with variable fund shares that is traded on an exchange. Investors can buy ETFs in two ways. They can buy them from fund managers after the securities market closes according to the net value of the fund on that day. They can also buy them directly from other investors in the securities market, and the purchase price is determined by both the buyer and the seller.
This is ETF, do you understand?
