#加密货币ETF Seeing that Bitwise's Hyperliquid ETF has filed a revised document with a fee rate of 0.67% and is about to be listed, I thought of an old question—many people get excited when a new product launches, but often overlook the most fundamental aspects.

The emergence of cryptocurrency ETFs has indeed lowered the entry barrier, but this also means we need to be more cautious. Details such as fee rates, liquidity, and underlying asset risks are all critical. My advice is that even for relatively regulated ETF products, you should ask yourself a few questions: What proportion of my overall asset allocation does this represent? Can I withstand this kind of volatility? Is my investment horizon long enough?

Many times, the product itself is not the problem; the issue lies in position management. If someone invests their entire wealth in a new and emerging category, no matter how well-designed the product is, it won't save them. In the long run, stable returns often come from restraint and patience, not from chasing every new wave.

New products are worth understanding, but what’s even more worth pondering is what role they should play in your investment plan.