Mirae Asset Allows Withdrawal from SpaceX Subscription and Restricts Trading After Listing
Mirae Asset Securities announced that SpaceX subscription shares cannot be traded on the listing day and that selling will be restricted for two days after listing, while allowing subscribers to withdraw their applications. The risk of market-price purchases immediately after the opening and a reported flow of some funds from Bitcoin to SpaceX and OpenAI were also reported.
Mirae Asset Securities announced that, regarding the SpaceX subscription, trading will not be possible on the listing day and selling will also be restricted for two days after listing. It also said that investors would be allowed to withdraw their subscription applications. The company provided details of the relevant terms and procedures.
Market participants raised concerns about the risks of market-price purchase orders immediately after the opening. In particular, guidance urged caution because the execution price immediately after the opening could differ from expectations. It was also pointed out that some financial products are merely named as being related to space, while their actual composition is different.
Several reports mentioned a flow in which some investors withdrew funds from Bitcoin and moved them into investments related to SpaceX and OpenAI. As a result, signs of downward adjustment pressure on the price of Bitcoin were observed. The movement of funds is affecting the liquidity of various investment destinations.
The net assets of the 'Hyundai Motor Group Plus ETF' managed by Mirae Asset have increased 8fold since the beginning of the year. The product is classified as a recent case of a surge in fund inflows. The asset manager discloses changes in net assets and information on its constituent holdings.
An analytical article assessed concentrated bets on cash as risky and reported that the '9Cheonpi' indicator was holding it back. Some investors expressed concerns about excessive leverage and liquidity risks. The market is checking trading restrictions on the listing date, the status of subscription withdrawal rights exercised, and ETF fund flows.