鑫ZhiHao

In-depth Analysis of the SEC ETF Approval Process: Key Steps from Application to Listing
I. Core SEC ETF Approval Process
The U.S. Securities and Exchange Commission (SEC) adopts a rigorous multi-stage evaluation mechanism for the approval of Exchange Traded Funds (ETFs):

Pre-Application Preparation Phase (1-3 months)

Improve product architecture design

Develop liquidity guarantee plans

Build a market maker network

Construct a risk control system

Formal Application PhaseCore documents that must be submitted:√ Form 19b-4 (Exchange rule change)√ Form N-1A (Registration statement)√ Supplementary materials (including instructions on valuation methods, etc.)

SEC Review Period (Key Stage)The review team evaluates from four dimensions:(1) Compliance review (Investment Company Act of 1940)(2) Liquidity management (with special attention to alternative assets)(3) Valuation feasibility analysis(4) Investor protection measures

Feedback and ModificationsTypical process:◆ The first round of inquiries is issued 30-45 days after the application◆ An average of 3 rounds of supplementary materials are required◆ Hearings may be held on major controversial issues

Final Approval StageStill need to complete after approval:

Final system test

Final confirmation by market makers

Investor education preparation

II. New Approval Trends in 2024

Key areas of focus:

Spot Cryptocurrency ETFs (mainly Ethereum)

Leveraged/Inverse Product Risk Control

ESG Fund Disclosure Standards

Alternative Asset Custody Solutions

Approval Timeframe Reference:

Traditional ETFs: 3-5 months

Innovative Products: 6-12 months

Controversial Products: May exceed 18 months

III. Key Points for Investors

Tracking Channels:

SEC website "ETF Applications" section

Federal Register

Exchange official announcements

Important Observation Indicators:■ SEC Commissioner Public Statements■ Market Liquidity Conditions■ Changes in the Policy Environment

Precautions:

Approval is uncertain

Approval ≠ Investment Advice

Need to continuously monitor product performance
#TradersLeague $SOL

#趋势交易策略 Trend Trading Strategy Practical Analysis: Capturing the Winning Rules of Major Market Trends
1. Core Logic of the Strategy
Trend trading is based on the "momentum effect" market principle, obtaining profits by identifying and following established price trends. This strategy performs best in the following market environments:

Clear unidirectional market phases (volatility > 20%)

Highly liquid trading varieties (top 20% of daily trading volume)

Daily and higher time frames (reducing market noise)

2. Key Operational System

Trend Identification System:
√ Triple Filter Method (Weekly/Daily/4-Hour Confirmation)
√ Bullish Alignment of Moving Averages (5-day > 20-day > 60-day)
√ ADX Indicator > 25 and +DI > -DI

Precise Entry Strategy:

Retracement to Fibonacci 38.2%-50% Zone

Bollinger Band Midline Support/Resistance Levels

Combined with Volume Shrinking to Average Volume 60%

Scientific Position Management:
■ Initial Position 3%-5%
■ Increase Position Equally after 8% Floating Profit
■ Maximum Risk Exposure per Variety ≤ 15%

3. Intelligent Risk Control Plan

Dynamic Stop-Loss Mechanism:

Initial Stop-Loss: 2 times ATR (14)

Trailing Stop-Loss: Maximum Profit Retracement 30%

Time Stop-Loss: No New High/Low for 5 Days

Trend Following Take Profit:
◆ Close 50% when breaking below the 10-day Moving Average
◆ Close 30% on Trend Line Break
◆ Close Remaining on MACD Death Cross

4. Practical Enhancement Techniques

Multidimensional Verification:

Confirmation of Sector Rotation

Continuous Inflow of Main Capital

Options Positioning Coordination

Volume-Price Relationship Analysis:

Uptrend: Price Increases with Volume Increases, Price Decreases with Volume Decreases

Downtrend: Price Decreases with Volume Increases, Price Increases with Volume Decreases

Abnormal Volume: Beware of Trend Reversal

Best Trading Time Selection:
★ First Half Hour of the Morning (Best Liquidity)
★ Avoid Key Days During Earnings Season
★ Pause Before and After Major Policy Announcements

5. Key Success Factors

Trading Discipline:
× Strictly Prohibit Counter-Trend Operations
× Prohibit Early Profit Taking
× Eliminate Revenge Trading

Psychological Construction:

Accept 70% Accuracy Rate

Tolerate 30% Normal Drawdown

Maintain Mechanical Execution

Continuous Evolution:
◇ Establish Trading Journal Database
◇ Conduct Strategy Stress Tests Monthly
◇ Optimize Parameters Quarterly

#SECETF审批 SEC ETF Approval Full Process In-Depth Analysis: A Complete Guide from Application to Listing
1. Core Mechanism of SEC ETF Approval
The U.S. Securities and Exchange Commission (SEC) has a strict and standardized approval process for Exchange-Traded Funds (ETFs), aimed at ensuring market stability and investor protection. The entire approval process typically takes 6-12 months and mainly includes the following key stages:

Preparation Stage (1-3 months)
The issuer needs to complete:

Product structure design (underlying assets, trading mechanisms, etc.)

Liquidity risk management plan

Market maker cooperation agreement

Investor protection measures

Formal Application Stage
Core documents that must be submitted:
√ Form 19b-4 (Application for Change in Exchange Rules)
√ Form N-1A (Registration Statement)
√ Supplementary materials (valuation method descriptions, etc.)

SEC Review Period (3-6 months)
Key review focuses include:
(1) Compliance Review (Investment Company Act of 1940)
(2) Liquidity Assessment (especially regarding alternative assets)
(3) Feasibility of Valuation Methodology
(4) Market Manipulation Prevention Measures

Feedback and Revision Stage
Typical process:
◆ Initial inquiries are usually issued within 45 days
◆ An average of 3-4 rounds of supplementary materials are needed
◆ Significant contentious issues may hold hearings

Final Approval Stage
After approval, the following must still be completed:

Final confirmation from market makers

Testing of the subscription and redemption system

Preparation for investor education

2. New Trends in Approval in 2024

Key Focus Areas:

Cryptocurrency Spot ETFs (especially Ethereum ETFs)

ESG-themed fund information disclosure requirements

Risk control for leveraged/inverse products

Custody solutions for alternative assets

Reference for Approval Timelines:

Traditional ETFs: 4-6 months

Innovative Products: 6-12 months

Controversial Products: May exceed 18 months

3. Key Points of Investor Attention

Tracking Channels:

SEC Official Website "ETF Applications" Section

Federal Register

Exchange Announcements

Key Indicators:
■ Public Statements by SEC Commissioners
■ Market Liquidity Conditions
■ Changes in Policy Environment

Cautions:

Approval results have uncertainties

Approval does not constitute investment advice

Attention must be paid to the product's subsequent performance

Breakthrough Trading Strategy Practical Guide: Professional Methods for Capturing Trend Markets
Breakthrough trading is an important strategy for professional investors to capture trend markets, gaining excess returns by identifying breakthroughs at key price levels. This article will deeply analyze the core elements of breakthrough trading to help investors seize market opportunities.
Core Trading Strategy:

Key Level Identification:

Confirm important support/resistance levels (previous highs/lows)

Analyze changes in trading volume (volume must increase during a breakthrough)

Observe price fluctuation range (breakthrough must exceed 3%)

Breakthrough Confirmation Criteria:

Price breaks through key levels by more than 3%

Trading volume increases to 2 times the 5-day average volume

Breakthrough duration exceeds 30 minutes

Professional Risk Control System:

Control single trade risk at 0.5-1%

Adopt a risk-reward ratio of 1:3

Set dynamic trailing stop loss (close position at a 1.5% drawdown)

Essential Technical Tools:

Indicator Combination:

Bollinger Bands (20, 2 standard deviations)

Volume Indicator (OBV)

MACD (12,26,9)

Psychological Training:

Establish strict trading discipline

Maintain emotional stability

Adhere to trading plans

Key Performance Data:

Average win rate of professional traders: 60-65%

Optimal holding time: 2-4 hours

Mature system annualized return: 300-500%

(Risk Warning: It is recommended to complete over 500 simulated trades and pass a 2-month stress test before investing real capital)
Practical Tips:

Choose liquid trading instruments

Avoid trading before and after important economic data releases

Combine fundamental analysis to confirm the validity of the breakthrough

Record detailed data for each trade for review
#TradersLeague $BTC

Long-term Holding Strategy: The Value Investment Wisdom to Navigate Bull and Bear Markets
In the field of digital assets, the long-term holding (HODL) strategy has proven to be an effective method for achieving excess returns. The core of this strategy lies in the accumulation of value over time, avoiding emotional decisions caused by short-term market fluctuations.
Core Advantage Analysis:

Compound Effect: An annual return of 15% can double the principal in 5 years

Cost Optimization: Significantly reduce trading friction costs and capital gains tax burden

Emotional Management: Avoid 90% of irrational trading decisions

Execution Points:

Target Selection:✓ Technological innovation (e.g., ETH smart contract platform)✓ Real-world application scenarios (e.g., SOL high-speed chain)✓ Deflationary model (e.g., BNB quarterly burn)

Position Management:▶ 60% core position (3 years or more)▶ 25% flexible position (1-3 years)▶ 15% cash reserve (crisis investment)

Key Data:• Investors strictly executing the HODL strategy over the past 3 years achieved an average return of 320%• During the same period, short-term traders had a loss rate exceeding 75%• Among the top 20 projects by market capitalization, 70% are suitable for long-term allocation
#TradersLeague $BNB

#BinanceTurns8 Binance Turns 8: The Growth Path and Future Outlook of the World's Leading Exchange
On July 14, 2023, Binance, the world's largest cryptocurrency exchange, celebrated its 8th anniversary. Since its establishment in 2017, Binance has developed into an industry giant with 150 million users and an average daily trading volume of over $65 billion.
Development History Review:

2017: Binance officially established, launched the BNB token

2018: Launched Binance Chain and decentralized exchange

2020: Smart Chain (BSC) launched, ushering in a new era of DeFi

2022: Launched Binance Card and Web3 wallet

Key Milestones:

Supports trading of over 350 cryptocurrencies

Covers more than 180 countries and regions worldwide

Total trading volume exceeds $30 trillion

BNB market cap remains in the top five

Technical Innovations:

Trading system upgrade: processes 1.4 million transactions per second

Security protection: SAFU fund safeguards user assets

Product matrix: full ecosystem of spot/contract/wealth management/lending

User Benefits:

8th Anniversary Exclusive Trading Competition

BNB holding user airdrop rewards

Trading fee discounts for new and existing users

Future Outlook:

Continue to focus on compliant development

Expand the Web3 ecosystem

Promote large-scale application of blockchain technology

#突破交易策略 Breakthrough Trading Strategy Practical Guide: Accurately Capture Trend Markets
Breakthrough trading is an important strategy for professional investors to capture trend markets, obtaining excess returns by identifying key price level breakthroughs. This article will deeply analyze the core elements of breakthrough trading, helping investors seize market opportunities.
Core Trading Strategies:

Key Level Identification:

Confirm important support/resistance levels (previous highs/lows)

Analyze changes in trading volume (needs to increase during breakthroughs)

Observe price fluctuation range (breakthrough must exceed 3%)

Breakthrough Confirmation Criteria:

Price breaks through key level by more than 3%

Trading volume increases to twice the 5-day average

Breakthrough duration exceeds 30 minutes

Professional Risk Control System:

Control single trade risk within 0.5-1%

Use a 1:3 risk-reward ratio

Set dynamic trailing stop-loss (close position at 1.5% drawdown)

Essential Technical Tools:

Indicator Combination:

Bollinger Bands (20, 2 standard deviations)

Volume Indicator (OBV)

MACD (12, 26, 9)

Psychological Training:

Establish strict trading discipline

Maintain emotional stability

Stick to the trading plan

Key Performance Data:

Average win rate of professional traders: 60-65%

Optimal holding time: 2-4 hours

Mature system annualized return: 300-500%

(Risk Warning: It is recommended to complete over 500 simulated trades and pass a 2-month stress test before investing real funds)
Practical Tips:

Choose trading varieties with good liquidity

Avoid trading before and after the announcement of important economic data

Combine fundamental analysis to confirm the effectiveness of breakthroughs

Record detailed data of each trade for review

#美国加征关税 In-Depth Analysis of the Latest U.S. Tariff Policy on China: Impact and Response
The latest trade policy for 2024 shows that the U.S. government will impose new tariffs on approximately $300 billion worth of Chinese goods, focusing on the new energy and high-tech sectors. This policy will be implemented in phases starting in the fourth quarter of this year and is expected to reshape the global trade landscape.
Key Areas of Increased Tariffs Analysis:

New Energy Industry:

Electric Vehicle tariffs increased from 25% to 102.5%

Lithium Battery tariffs increased from 7.5% to 30%

Photovoltaic Module tariffs increased to 50%

High-Tech Sector:

Semiconductor Equipment tariffs increased to 35%

Artificial Intelligence Chip new 25% tariff

Quantum Computing Equipment included in the tax range for the first time

Market Impact Assessment:

Short-Term Shock:

China's exports to the U.S. expected to decrease by 15-20%

Affected industries may see a reduction of 5-8% in jobs

Corporate profit margins face a squeeze of 3-5 percentage points

Long-Term Effects:

Accelerate the diversification of global supply chains

Promote the transformation of Chinese manufacturing to high value-added products

Potentially change the global industrial division of labor

Corporate Response Strategies:

Market Diversification: Focus on expanding the EU, ASEAN, and Middle Eastern markets

Global Production: Establish production bases in Mexico, Vietnam, and other locations

Product Upgrading: Enhance technical content and irreplaceability

Compliance Management: Establish a professional trade compliance team

Special Attention:

Medical Equipment tariffs may increase U.S. healthcare costs by 15-20%

Restrictions on rare earth materials will impact the U.S. new energy industry

Tariff policy may be adjusted following the results of the November elections

Long-term Holding Strategy: The Path of Value Investment through Bulls and Bears
In the highly volatile crypto market, the long-term holding (HODL) strategy, with its unique advantages, has become a winning tool for rational investors. This investment wisdom of "doing nothing to control movement" effectively avoids short-term market noise and truly captures the growth dividends of quality assets.
Core Value Advantages:

Compound Miracle: Annualized 20% return, doubling the principal in 4 years (Rule of 72)

Emotion Management: Avoiding 90% of impulsive trading decisions

Cost Optimization: Saving 85% of trading friction losses

Professional Execution Framework:

Three-dimensional Selection System:
✓ Technical Dimension: Underlying Innovation, Development Activity
✓ Ecological Dimension: Actual Application Scenarios, Partners
✓ Economic Dimension: Deflationary Models, Token Distribution

Intelligent Position Management:
▶ 50% Core Position (holding for over 3 years)
▶ 30% Tactical Position (holding for 1-3 years)
▶ 20% Cash Reserve (crisis investment opportunities)

Characteristics of Quality Targets:
✓ Deflationary Attributes (like BTC's 21 million cap mechanism)
✓ Essential Use Cases (like ETH's smart contract platform)
✓ Continuous Evolution (like Layer 2's technological breakthroughs)
Key Data References:
• Strictly executing the HODL strategy over the past 5 years has achieved an annualized return of 45%
• Short-term traders have an average loss rate of 83%
• 65% of the Top 50 projects are suitable for holding over 3 years
#TradersLeague$BTC

#日内交易策略 Day Trading Strategy: A Practical Guide to Short-term Profit
In the cryptocurrency market, day trading is a strategy that profits from capturing short-term price fluctuations, suitable for investors who can monitor the market and have a higher risk tolerance. Unlike long-term holding, day trading requires completing buy and sell transactions within the same day to avoid overnight risks.
Core Strategies and Techniques

Trend Following:

Trade in the direction of the trend, going long in an uptrend and short in a downtrend

Use moving averages (such as 5EMA, 20MA) to judge short-term trends

Breakout Trading:

Focus on key support/resistance levels, enter after a breakout

Combine with volume analysis to avoid false breakouts

Swing Trading:

Use RSI (14 periods) overbought (70+) or oversold (30-) signals

MACD golden cross/death cross to assist in determining buy/sell points

Risk Management Key Points
✔ Strict Stop-loss: A single loss should not exceed 1-2% of the principal
✔ Leverage Control: Recommended 3-5 times, avoid high leverage liquidation
✔ Take-Profit Strategy: Use trailing stops to lock in partial profits
Target Audience

Traders who can monitor the market all day

Familiar with technical analysis (candlestick patterns, indicator usage)

Stable mindset and strong execution

Data Reference:

About 80% of day traders incur losses due to frequent operations

With a reasonable strategy, annualized returns can reach 50-200%

#长期持有策略 Long-term Holding Strategy: Value Investment Wisdom that Surpasses Bulls and Bears
In the highly volatile digital asset market, the long-term holding (HODL) strategy is becoming the winning tool for rational investors. This investment philosophy of "exchanging time for space" effectively avoids short-term market noise and truly captures the growth dividends of quality projects.
Core Value Advantages:

Compound Interest Effect: Annualized 20% return, doubling the principal in 4 years (Rule of 72)

Emotional Management: Avoids 90% of impulsive trading decisions

Cost Optimization: Saves 85% of trading friction loss

Professional Execution Framework:

Three-Dimensional Selection Method:✓ Technical Dimension: Underlying innovation, development activity✓ Ecological Dimension: Practical application scenarios, partners✓ Economic Dimension: Deflationary model, token distribution

Intelligent Position Management:▶ 50% Core Position (held for over 3 years)▶ 30% Tactical Position (held for 1-3 years)▶ 20% Cash Reserve (crisis investment)

Quality Target Characteristics:✓ Deflationary attributes (e.g., BTC's 21 million cap)✓ Essential usage scenarios (e.g., ETH's smart contract platform)✓ Continuous evolution (e.g., SOL's high-performance scaling)
Key Data Reference:• In the past 5 years, the HODL strategy has achieved an annualized return of 45%• Short-term traders have an average loss rate of 83%• 68% of Top 50 projects are suitable for long-term holding

#现货与合约策略 Spot Trading VS Contract Trading: Core Differences and Practical Strategy Analysis
In the field of digital asset investment, spot and contract trading are two mainstream operating methods, suitable for investors with different risk preferences. This article will deeply analyze the core differences between the two and provide professional-level strategy suggestions.
1. Spot Trading: The First Choice for Value Investment

Essential Characteristics:

Actual ownership of digital assets

No leverage mechanism

Instant settlement of transactions

Core Advantages:

Avoids liquidation risk

Suitable for long-term value investment

Can participate in staking and mining services

Target Audience:

Medium to long-term investors

Risk-averse users

Investors executing dollar-cost averaging strategies

2. Contract Trading: Professional Trading Tool

Key Characteristics:

Margin trading (up to 125x leverage)

Bidirectional trading mechanism (long and short positions)

Presence of forced liquidation risk

Unique Value:

High capital efficiency

Can hedge against spot risk

Capture short-term volatility returns

Essential Skills:

Strict stop-loss discipline

Leverage control (recommended ≤5x)

Professional position management

3. Advanced Mixed Strategy

Core Allocation (70%): Long-term holding of spot

Hedged Position (20%): Low-leverage contract hedging

Flexible Capital (10%): Short-term opportunity capture

Key Data Reference:

Average loss rate for contract traders in 2024: 79.2%

Probability of profit for spot dollar-cost averaging over 3 years: 85.6%

Optimal risk-reward ratio for 3x leverage

#美国加征关税 Deep Analysis of the Impact of the New Round of U.S. Tariffs on China
In May 2024, the U.S. government announced new tariffs on approximately $180 billion worth of Chinese goods, covering multiple key areas such as electric vehicles, lithium batteries, and photovoltaic products. This tariff policy will be implemented in phases starting in the fourth quarter of this year and is expected to have far-reaching effects.
Key areas of tariff increases and their extent:

New Energy Vehicles: Tariffs on electric vehicles increase from 25% to 100%

Green Energy: Tariffs on lithium batteries increase from 7.5% to 25%, photovoltaic modules increase to 50%

High-Tech Products: Tariffs on semiconductors increase to 35%, and new 25% tariffs on AI chips

Market Impact Assessment:

Impact on the U.S.:

Electric vehicle prices may rise by 40-60%

Solar project costs increase by about 30%

May push inflation up by 0.5-1 percentage points

Impact on China:

Profit margins of new energy export companies under pressure

Accelerated shift of the supply chain to Southeast Asia

Forced upgrade and transformation of industries

Recommendations for companies:

Explore diversified markets (EU, ASEAN, etc.)

Consider establishing factories overseas (Mexico, Vietnam, etc.)

Enhance product technological content and added value

Experts point out that this round of tariffs may trigger:

Accelerated restructuring of global supply chains

China's retaliatory measures

Reconfiguration of the industrial landscape in the medium to long term