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
#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
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