Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
A major move by the Bank of Japan is brewing. According to the latest news, one of the world's leading central banks plans to gradually sell off its ETF holdings over the course of several decades starting from January next year.
The numbers are a bit shocking. As of September this year, the Bank of Japan's ETF assets reached 83 trillion yen, which is approximately $534 billion USD. But there's a detail— the book value is only 37.1 trillion yen, or about $239 billion USD. This huge unrealized gain indicates how much these assets have surged in this wave of market rally.
Why such caution? The central bank's logic is very clear—fear of market disruption. Dumping such a large amount of assets into the market all at once could cause the entire financial system to shake. That's why they have this "gradual sale over decades" plan. It's akin to slowly releasing water, giving the market ample time to digest.
What impact will this have on global liquidity and risk asset allocation? This is something to watch.
---
It's important to carefully watch the doubling of unrealized gains; otherwise, a sudden reversal one day could be unbearable for anyone.
---
Speaking of truly selling slowly, could that actually be an opportunity for us who play in the secondary market?
---
83 trillion yen... As soon as I saw this number, I knew there would be a story behind it.
---
The central bank has started reducing holdings; it's time to think about our own allocations.
---
When to start selling? The timing is crucial.
---
Slow selling sounds simple, but whether the actual market can cooperate is the real point.