There is an information price for ap authorization.

1. AP authorization means that authorized participants (AP, AuthorizedParticipants) are one of the main participants in the exchange-traded fund (ETF) subscription and redemption mechanism. In essence, AP is the provider of ETF liquidity, and they can change the market.

Supply of ETF shares.

2. When an ETF issuer wants to expand its existing scale (whether it is to launch new products or meet growing market demand), it will turn to AP, which can be a market maker, a professional institution or other large financial institution.

In essence, AP is an institution with strong financial strength.