This time, Binance isn’t listing coins—it’s listing Berkshire Hathaway and a 3x leveraged long-term Treasury ETF.
💰 通道和定价权是两件事，谁决定价格群里说，点进群来
Five assets, three pricing systems.
The lineup is RoboStrategy (BOTB), Berkshire Hathaway (BRKBB), KraneShares STAR Market 50 ETF (KSTRB), Direxion Daily 20 Year Treasury Bull 3X ETF (TMFB), and Vistra (VSTB), with trading pairs available on both Spot and Convert. Berkshire’s value is derived from the US stock market; the 3x long 20-year Treasury ETF comes with built-in leverage; and the STAR Market 50 tracks a different market. What Binance can list are trading pairs—not the authority to set the prices of these assets.
That’s where the conflict lies: people who want US stock exposure through a crypto account get a trading channel, not the source of the quotes. If these trading pairs begin to diverge from the underlying assets’ net asset values over the long term, sustaining a premium or discount, this thesis no longer holds.
#瑞士批准首只比特币etf
💰 通道和定价权是两件事，谁决定价格群里说，点进群来
Five assets, three pricing systems.
The lineup is RoboStrategy (BOTB), Berkshire Hathaway (BRKBB), KraneShares STAR Market 50 ETF (KSTRB), Direxion Daily 20 Year Treasury Bull 3X ETF (TMFB), and Vistra (VSTB), with trading pairs available on both Spot and Convert. Berkshire’s value is derived from the US stock market; the 3x long 20-year Treasury ETF comes with built-in leverage; and the STAR Market 50 tracks a different market. What Binance can list are trading pairs—not the authority to set the prices of these assets.
That’s where the conflict lies: people who want US stock exposure through a crypto account get a trading channel, not the source of the quotes. If these trading pairs begin to diverge from the underlying assets’ net asset values over the long term, sustaining a premium or discount, this thesis no longer holds.
#瑞士批准首只比特币etf