The recent expansion of US stock tokens in the wallet ecosystem has indeed opened up new allocation ideas for friends with large capital volumes. Each of the three mainstream US stock token products has its own way of playing.

First, let's talk about SPY, the S&P 500 — the largest traded S&P index tracking tool globally. The liquidity is quite ample, and it is particularly favored by institutions and short-term players. The management fee is slightly higher compared to IVV, but during times of market volatility, the convenience of buying and selling is really evident. For those looking to trade frequently, SPY is the first choice.

IVV also tracks the S&P 500 but takes a different path. The fee is kept very low, at around 0.03%. This design is very friendly for long-term holders—the cost efficiency is there, and the mechanism for reinvesting dividends is also more flexible. If you plan to use it as the underlying basis for asset allocation, low-fee products like IVV are actually a more cost-effective choice.

QQQ is different from the Nasdaq 100. It focuses on the technology sector, with giants like Nvidia and Apple having significant weights in it. Its historical returns are the strongest among the three, but it also has the highest volatility. There are no financial stocks dragging it down, making its technology attributes very pure. If you are optimistic about the wave of technological innovation and can withstand higher volatility, QQQ is a tool for pursuing excess returns.

In short: for a stable allocation, choose IVV; for daily trading, go with SPY; and if you want to chase high returns, invest in QQQ. With billions in capital, this opportunity in US stock tokens is definitely worth serious consideration.