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ETF passes (ETFP) 1-20 times USDT Delivery Contracts to Be Launching on HotsCoin

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Hibt
  • Updated

Dear users:

HotsCoin will launch ETF passes (ETFP) 1-20 times USDT delivery contracts, details are as follows:

  • Trading pair: ETFP/USDT
  • Maximum leverage: 20
  • Contract precision: 0.001
  • Contract face value: 100 ETFP
  • Settlement asset: USDT
  • Trading time: 7*24
  • Trading function opening time: To be determined
  • Delivery time: To be determined

About ETFP:
ARK 21Shares Bitcoin ETF (Re-filing) (ARKB) applies for a Bitcoin ETF event

This event is based on ARK 21Shares Bitcoin ETF (Re-filing) (ARKB). The U.S. Securities and Exchange Commission (SEC), after multiple extensions of the Bitcoin spot ETF application, will face the final reply time (no further extension can be made and an accurate reply must be given). The U.S. Securities and Exchange Commission (SEC) will announce approval or rejection on January 10, 2024, which will be the delivery settlement for ETFP.

  • Event description: 21Shares & ARK apply for a Bitcoin ETF Relevant regulatory agencies make judgments on the results of their applications.
  • Contract type: Predictive market contract
  • Applicant: ARK 21Shares Bitcoin ETF (Re-filing) (ARKB)
  • Event result: If the application is approved, the contract pays 100%; if not approved, the contract pays 0%
  • Settlement standard: Based on the observable results of the index value or event, it is 100% when approved and 0% when not approved 


Contract holders will profit settlement based on the results of the above events. If the review is approved, long holders will profit; if the review is not approved, short holders will profit.

*Please note that, based on market risk conditions, HotsCoin may adjust contract parameters, including minimum price changes, maximum leverage, initial margin, and maintenance margin.

Risk Warning: Digital assets are innovative investment products with significant price volatility and high investment risks. Before investing, we encourage you to have a comprehensive understanding of digital assets, make a rational assessment of your investment capacity, and exercise prudence when making investment decisions.

We wish you a pleasant trading experience!

HotsCoin
November 22, 2023

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