#bstockscis bought EWYB assuming "Korea ETF" meant I was just holding Korean companies. There's a currency layer in there too that's easy to miss. š±
š You fund the purchase in USDT, and the underlying ETF holds a basket of companies priced in Korean won. That means your EWYB exposure isn't just "Korean equities go up or down" ā it's Korean equities priced in won, wrapped in a USD-denominated ETF, purchased with a USD-pegged stablecoin. Three currency layers stacked on top of each other, even though the whole transaction feels like a single click in USDT. š
$EWYB
Doesn't make it a bad trade ā just means "the market" moving isn't the only thing that can move your position. Currency can too.
Did you know there was a currency layer in EWYB before this, or did "ETF bStock" just read as one simple thing?
@BinanceCIS #bStocksCIS
š You fund the purchase in USDT, and the underlying ETF holds a basket of companies priced in Korean won. That means your EWYB exposure isn't just "Korean equities go up or down" ā it's Korean equities priced in won, wrapped in a USD-denominated ETF, purchased with a USD-pegged stablecoin. Three currency layers stacked on top of each other, even though the whole transaction feels like a single click in USDT. š
$EWYB
Doesn't make it a bad trade ā just means "the market" moving isn't the only thing that can move your position. Currency can too.
Did you know there was a currency layer in EWYB before this, or did "ETF bStock" just read as one simple thing?
@BinanceCIS #bStocksCIS
