#比特币ETF产品 Recently, I've been observing some interesting moves in the ETF space. VanEck is launching an AVAX spot ETF with an embedded staking mechanism—70% of the holdings are staked, with a 4% service fee, and the yields are funneled back into the fund—this approach is essentially about "product-level yield optimization." For copy trading, these innovative products reflect the true needs of institutional funds: not just exposure, but also extracting incremental returns during the holding period.

Amplify is also accelerating its deployment, simultaneously advancing two lines: stablecoins and tokenization, with a tokenized index covering 53 asset classes— the strategic logic is clear: it's about seizing the window for institutional entry into this space.

What insights does this offer for copy trading strategies? As these underlying products continue to innovate and iterate, tracking the trading ideas behind these products becomes more valuable. Some veteran traders may still rely on traditional holding logic, but the new generation of top traders are already considering "achieving risk-weighted returns through structured products"—this difference in understanding is the source of excess returns.

Moving forward, the key is to monitor the capital flows and position changes after these ETF products go live—that's the real signal reflecting institutional movements. Product innovation itself isn't valuable; what's crucial is who can first master the new rules.