I calculated how many hours per day under $EWYB none of the primary markets operate. It turned out to be 11 out of 24.
Most bStocks are set up simply: a share—certificate—token. EWYB is different. Under it is iShares MSCI South Korea, which is an ETF. Four layers:
1. Stocks of Korean companies, traded in Seoul
2. The ETF that holds them, traded in the United States
3. The issuer’s certificate, collateralized 1:1
4. The BEP-20 token on the BNB Chain
Now the hours. KRX runs 09:00–15:30 in Seoul time, that is 03:00–09:30 in Kyiv time. NYSE Arca is 16:30–23:00 in Kyiv time.
I compiled the closed intervals:
00:00–03:00 = 3 hours
09:30–16:30 = 7 hours
23:00–00:00 = 1 hour
Total 11 hours.
11 / 24 = 45.8% of the day when neither the ETF nor what’s inside it is trading.
And EWYB trades. Volume over 24 hours on the screen: 1,106.51 EWYB / 198,997 USDT.
What I understood.
I evaluated bStocks with one question: are they collateralized. Collateralized 1:1 is checked. But I didn’t ask the second question: how many links there are to the final asset, and how long they stay silent during the day.
Constraints: I counted the main sessions. Pre-market and post-market extend the windows—yesterday I already burned myself on this when I decided that the 23:00 bell closes trading for NVDA. The real quiet time is shorter than 11 hours, but it exists.
The longest link in the list doesn’t look like the longest one. It looks like a normal line in the list.
@BinanceCIS #bStocksCIS $EWYB
Most bStocks are set up simply: a share—certificate—token. EWYB is different. Under it is iShares MSCI South Korea, which is an ETF. Four layers:
1. Stocks of Korean companies, traded in Seoul
2. The ETF that holds them, traded in the United States
3. The issuer’s certificate, collateralized 1:1
4. The BEP-20 token on the BNB Chain
Now the hours. KRX runs 09:00–15:30 in Seoul time, that is 03:00–09:30 in Kyiv time. NYSE Arca is 16:30–23:00 in Kyiv time.
I compiled the closed intervals:
00:00–03:00 = 3 hours
09:30–16:30 = 7 hours
23:00–00:00 = 1 hour
Total 11 hours.
11 / 24 = 45.8% of the day when neither the ETF nor what’s inside it is trading.
And EWYB trades. Volume over 24 hours on the screen: 1,106.51 EWYB / 198,997 USDT.
What I understood.
I evaluated bStocks with one question: are they collateralized. Collateralized 1:1 is checked. But I didn’t ask the second question: how many links there are to the final asset, and how long they stay silent during the day.
Constraints: I counted the main sessions. Pre-market and post-market extend the windows—yesterday I already burned myself on this when I decided that the 23:00 bell closes trading for NVDA. The real quiet time is shorter than 11 hours, but it exists.
The longest link in the list doesn’t look like the longest one. It looks like a normal line in the list.
@BinanceCIS #bStocksCIS $EWYB