Bitget launches spot ARBETF - start trading Arbitrum!
Bitget
2023-03-21 10:34
Global Bitgetters,
Bitget is proud to announce the launch of our spot Arbitrum ETF (ARBETF), an index fund designed to track the price trends of popular assets within the Arbitrum ecosystem. ARBETF will be listed in the Bitget Arbitrum Zone and start trading on March 21, 2023.
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Trade ARBETF: March 21, 2023, at 6 PM (UTC+8)
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Market zone: Arbitrum Zone
What is ARBETF?
Bitget's ARBETF is a spot ETF designed to track the price trends of popular assets within the Arbitrum ecosystem, letting users quickly access these tokens and capitalize on Arbitrum's market sector changes against the general cryptocurrency market.
ARBETF is currently composed of five currencies, including ARBETF(30%), GMX (20%), MAGIC (20%), GNS (15%), and RDNT (15%), with varying weight allocations proportional to their market caps. In the future, in line with the development of the Arbitrum ecosystem, the ARBETF composition and weighting will be adjusted in real-time.
| Index Ticker | ARBETF |
| Settlement Currency | USDT |
| Issue Date | March 21, 2023 |
| Index Base | 1 |
| Composition | Popular currencies in the Arbitrum sector listed in Bitget spot and futures 233172ab-fe0e-4735-9deb-8526578efde6 |
| Weight allocation | The weight is adjusted in real time according to changes in market conditions |
Arbitrum has been a relatively popular sector, and its ecosystem tokens are highly praised by traders and investors in that they can also reflect market sector changes. As such, a user investing in ARBETF is virtually equivalent to investing in the Arbitrum market sector at large, saving investors time and resources analyzing different Arbitrum tokens to diversify one's portfolio. In all, ARBETF aims to make investments within this sector easier and more intuitive. Investors are also encouraged to refer to the ETF's introductory page for more details.
Ready to access the Arbitrum ecosystem?
What is the Arbitrum Zone?
Arbitrum is a technology suite designed to scale Ethereum. Visit Bitget Market, look for Spot, and select Arbitrum to view the tokens in this zone.
Disclaimer: The information provided here pertaining to any cryptocurrency is for general informational purposes only and is not an offer to sell or a solicitation of an offer to buy any cryptocurrency, and should not be construed as any offering documents of any kind. The information above should not be relied upon as advice to buy or sell or hold any cryptocurrency and should not be considered as any investment advice or opinion. Bitget makes no representation or warranties, expressed or implied, as to the accuracy of the information. Bitget expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Trading in cryptocurrency is a high-risk investment which involves substantial risk, including but not limited to market risks, cybersecurity risks, liquidity risks, regulatory risks, etc. Investors are recommended to consult their own advisors before investing.
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