About ETF creations and redemptions:
When an authorized participant creates shares, they deliver cash or the corresponding assets to the fund in exchange for a full creation unit of new shares; redemption works the other way around.
When the premium or discount is too large, authorized participants can arbitrage by creating or redeeming shares, which helps bring the trading price back toward the net asset value.
$BTC 74458.73（-1.87%）
When an authorized participant creates shares, they deliver cash or the corresponding assets to the fund in exchange for a full creation unit of new shares; redemption works the other way around.
When the premium or discount is too large, authorized participants can arbitrage by creating or redeeming shares, which helps bring the trading price back toward the net asset value.
$BTC 74458.73（-1.87%）