Day: April 15, 2024

Bitcoin is still undervalued despite surge to $66k

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Bitcoin (BTC) gained bullish momentum a day after falling to a one-month low of $61,500 due to the heightened conflict between Iran and Israel. BTC is up by 3.2% in the past 24 hours and is trading at around $66,450 at the time of writing. The asset’s market cap surpassed the $1.3 trillion mark while the daily Bitcoin trading volume plunged by 27%, currently hovering at $43.5 billion. BTC price, RSI, whale activity and dormant circulation – April 15 | Source: Santiment On April 14, the flagship digital currency fell…

Bitcon, Ether Rise as Hong Kong Exchange-Traded Fund Applicants Say They’ve Been Approved for Bitcoin ETF

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Hong Kong Approves First Spot Bitcoin and Ethereum ETFs

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The Hong Kong Securities and Futures Commission (SFC) has given the green light to several spot bitcoin and ethereum exchange-traded funds (ETFs), a move that signals substantial progress in the region’s crypto market, with approvals awarded to China Asset Management, Bosera Capital, and Hashkey Capital Limited, and an in-principle approval for Harvest Global Investments. These […] Original

Hong Kong approves spot Bitcoin, Ethereum ETFs by Bosera and HashKey

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HashKey and Bosera International have received conditional approval from the Hong Kong regulator for two spot crypto ETFs, marking a pivotal moment for Asian investors. HashKey Capital and Bosera International have secured conditional approval from the Hong Kong Securities and Futures Commission (SFC) to offer spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the region. In a blog announcement on Apr. 15, HashKey said the ETFs “bridge the gap for traditional institutions to invest in virtual assets,” adding that the move will “significantly expand” mainstream and retail investors’ exposure to…

Spot Bitcoin And Ethereum ETFs Approved In Hong Kong

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The Hong Kong Securities and Futures Commission (SFC) has officially approved several spot Bitcoin and Ethereum exchange-traded funds (ETFs), a decision that marks a significant development in the region’s burgeoning crypto market. These approvals were granted to prominent asset managers including China Asset Management, Bosera Capital, and HashKey Capital Limited, alongside an in-principle approval for Harvest Global Investments. Hong Kong’s SFC Approves Bitcoin And ETH ETFs China Asset Management’s Hong Kong unit, as detailed in their press release, has received SFC approval to launch spot Bitcoin and Ethereum ETFs. This…

Analysts Predict Huge Gains After Bitcoin Halving

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The cryptocurrency community is abuzz with speculation as the next Bitcoin halving event approaches. While all eyes are naturally on Bitcoin itself, XRP, Ripple’s native token, has emerged as a surprising source of intrigue. Historical price movements, recent legal developments, and a range of expert predictions are fueling a sense of cautious optimism for XRP’s future. XRP And The Halving Halo Effect Historically, altcoins like XRP have often mirrored Bitcoin’s price movements. Following significant events in the Bitcoin market, particularly halving events that cut the mining reward in half, altcoins…

Latam Insights: Bitcoin Hurts El Salvador Credit Opportunities, Paraguay Supports Selling Power to Crypto Miners

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Bitcoin hinders El Salvador’s credit talks with the IMF, the Paraguayan Senate issues a statement supporting bitcoin miners, and Venezuela unveils a crypto-linked corruption scheme. Bitcoin Reportedly Hurts El Salvador Credit Opportunities With […] Original