Bitcoin has surged past $97,000 for the first time, marking a pivotal milestone in the digital asset’s journey toward mainstream adoption. This historic breakthrough has triggered a ripple effect across the global financial landscape, particularly benefiting exchange-traded funds (ETFs) with strong exposure to blockchain and cryptocurrency-related sectors. Among them, Taiwan's 00909 ETF—officially known as the Cathay Digital Payment Services ETF—has emerged as a standout performer, capturing five top spots in year-to-date returns among all ETFs listed in Taiwan.
00909 Hits Record High Amid Bitcoin Rally
On the back of Bitcoin’s unprecedented rally, 00909 reached a new closing high of NT$36.33**, up **4.37% (NT$1.52) on the day. Trading volume spiked dramatically, increasing by 233.54% compared to the previous session, reaching 9,149 trading lots—the fifth-highest volume since its inception—with a total turnover of NT$1.907 billion.
While momentum remains strong, investors should note that the ETF is currently trading at a 3% premium over its net asset value (NAV) of NT$35.17. Although premium pricing often reflects market enthusiasm, it also introduces short-term valuation risks that cautious investors should consider.
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Dominant Returns Across All Timeframes
What sets 00909 apart is not just its recent surge, but its consistent outperformance across multiple time horizons. The ETF has secured the top position in total return (including dividends) among all Taiwan-listed ETFs in the following categories:
- 1-week return: 8.29%
- 1-month return: 23.49%
- 3-month return: 37.98%
- Year-to-date return: 67.5%
- 1-year return: 108.91%
These figures even surpass those of leveraged ETFs designed to amplify market moves, underscoring the strength of its underlying holdings and the powerful tailwinds from the crypto sector.
Strategic Index Tracking Drives Growth
Launched on July 13, 2022, 00909 tracks the Solactive Global Digital Payment Services Index, which is rebalanced semi-annually. Approximately 60% of its holdings are directly tied to the cryptocurrency ecosystem, including:
- Cryptocurrency mining firms
- Digital asset exchanges
- Blockchain infrastructure providers
- Semiconductor companies powering AI and mining technologies
This focused exposure ensures that the ETF closely mirrors the performance of the broader digital asset market.
Top Holdings: A Who’s Who of Crypto Innovation
The fund’s largest positions include some of the most influential players in fintech and blockchain:
- MicroStrategy (12.33%) – The world’s largest publicly traded Bitcoin holder, known for its aggressive BTC accumulation strategy.
- Robinhood (6.17%) – A popular retail trading platform with growing crypto revenue.
- Coinbase Global (5.32%) – The largest regulated U.S.-based cryptocurrency exchange.
- Marathon Digital Holdings – One of the biggest Bitcoin mining operators in North America.
- NVIDIA (5.12%) – A key enabler of AI and high-performance computing used in mining and blockchain development.
- Other major payments and fintech firms like PayPal, Mastercard, Visa, Block (formerly Square), and Fiserv round out the top ten.
This blend of direct crypto exposure and adjacent tech innovation allows 00909 to benefit from both speculative momentum and long-term structural growth.
Favorable Political Winds Boost Market Sentiment
The recent U.S. election outcome has added further fuel to the bullish narrative. With Donald Trump returning to the White House after a four-year hiatus, markets are reacting positively to his pro-innovation and pro-crypto stance. Notably, Trump has expressed support for integrating Bitcoin into America’s financial infrastructure.
Even more significantly, Republican Senator Cynthia Lummis of Wyoming—a known crypto advocate—plans to introduce legislation in the new Congress to sell a portion of the Federal Reserve’s gold reserves and use the proceeds to acquire 1 million Bitcoin as a strategic national reserve. This proposal, which reportedly has Trump’s backing, could institutionalize Bitcoin as a legitimate store of value at the highest levels of government.
Such policy shifts could create lasting demand pressure on Bitcoin supply, especially given its fixed cap of 21 million coins—making scarcity-driven price appreciation a real possibility.
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Fees, Dividends, and Investor Considerations
The 00909 ETF charges an annual management fee of 0.80% and a custody fee of 0.15%, which is competitive for an actively managed thematic fund with global exposure.
It follows an annual dividend distribution policy and has paid out twice since inception:
- First dividend: NT$0.225 (1.32% yield) – filled in 22 days
- Second dividend: NT$1.81 (6.85% yield) – filled in 23 days
The rapid fill periods suggest strong investor confidence and sustained demand for the fund.
However, potential investors should remain mindful of:
- Premium/discount fluctuations relative to NAV
- High volatility due to concentrated sector exposure
- Regulatory uncertainties in global crypto markets
Why ETFs Offer Safer Crypto Access
Despite growing mainstream interest, many individual investors remain wary of directly holding cryptocurrencies due to concerns about:
- Security risks (e.g., hacking, lost private keys)
- Regulatory ambiguity
- Market manipulation
- Technical complexity
For these reasons, financial experts recommend gaining exposure through regulated products like ETFs, where professional management, custodial safeguards, and transparency offer a more secure alternative.
As one investment advisor noted:
“ETFs like 00909 allow retail investors to ride the crypto wave without having to manage wallets or worry about exchange reliability. You get diversified exposure with oversight—ideal for those who want participation without taking on excessive personal risk.”
Still, all investments carry risk. Prospective buyers must assess their financial situation, risk tolerance, and investment horizon before committing capital.
Frequently Asked Questions (FAQ)
Q: What is 00909 ETF?
A: It’s a Taiwan-listed ETF managed by Cathay Asset Management that tracks global digital payment and cryptocurrency-related companies.
Q: How does 00909 make money?
A: Through capital appreciation of its holdings—such as Bitcoin-heavy firms and crypto exchanges—and annual dividend distributions.
Q: Is Bitcoin really going to $100,000?
A: While no one can predict prices with certainty, growing institutional adoption, limited supply, and favorable policy discussions increase the likelihood of new all-time highs.
Q: Can I lose money investing in 00909?
A: Yes. Like any market-linked product, its value can decline due to sector downturns, regulatory changes, or broader economic factors.
Q: Does 00909 hold actual Bitcoin?
A: No. It invests in stocks of companies involved in the digital payment and blockchain ecosystem—not direct cryptocurrency holdings.
Q: Should I invest in 00909 now?
A: Only if you understand the risks and have a medium-to-long-term outlook. Consider dollar-cost averaging to reduce timing risk.
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Final Thoughts: Riding the Digital Asset Wave
The surge past $97,000 marks more than just a number—it reflects a fundamental shift in how markets view Bitcoin: not as fringe tech, but as a strategic asset class.
For investors seeking indirect yet meaningful exposure, ETFs like 00909 offer a compelling gateway into this transformative trend. With strong fundamentals, elite performance rankings, and favorable macro tailwinds, it continues to attract attention from both retail and institutional players.
Yet amid the excitement, prudence remains essential. The road ahead may be promising, but it won’t be without volatility. By combining informed decision-making with disciplined investing habits, participants can position themselves to benefit from what many believe is just the beginning of a new financial era.
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