0.6% management fee. Hong Kong’s second spot $SOL ETF launches on October 13.
$SOL is now trading at $109, down 2.39% over the past 24 hours, while the market-wide Fear & Greed Index is at 69. ChinaAMC’s ETF held just $8.58 million in assets at the end of August, so this new ETF is starting small and may not have enough scale to drive a major rally.
In practice, watch the invalidation level: if inflows after launch can’t absorb selling pressure, the bullish thesis is invalidated—don’t hold on. Before there are signs of buying support, chasing the price offers very poor risk-reward. It’s better to keep some powder dry than rush in blindly.
With Hong Kong’s $SOL ETF launching, how high do you think $SOL can go? Comment 1 if you think it’ll rise more than 10%, 2 if you think it’ll spike and then pull back, or 3 if you think it’ll crash.
#Write2Earn #BinanceSquare #SOL ETF #TradingTournament
$SOL is now trading at $109, down 2.39% over the past 24 hours, while the market-wide Fear & Greed Index is at 69. ChinaAMC’s ETF held just $8.58 million in assets at the end of August, so this new ETF is starting small and may not have enough scale to drive a major rally.
In practice, watch the invalidation level: if inflows after launch can’t absorb selling pressure, the bullish thesis is invalidated—don’t hold on. Before there are signs of buying support, chasing the price offers very poor risk-reward. It’s better to keep some powder dry than rush in blindly.
With Hong Kong’s $SOL ETF launching, how high do you think $SOL can go? Comment 1 if you think it’ll rise more than 10%, 2 if you think it’ll spike and then pull back, or 3 if you think it’ll crash.
#Write2Earn #BinanceSquare #SOL ETF #TradingTournament