Hong Kong regulators supposedly approved the launch of ETFs on Monday, opening the gates for new money being poured into bitcoin. Issuers include ChinaAMC, Harvest Global and Bosera International. The approval was announced by the issuers themselves, not the Securities and Futures Commission (SFC), Hong Kong’s securities regulator, who has maintained radio silence. Source CryptoX Portal
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of outflows, shedding $36.7 million since the outflows on Friday. Additionally, after the close of Monday’s market, Grayscale’s Bitcoin Trust (GBTC) offloaded 2,524.1 bitcoins valued at $159.25 million. Blackrock’s IBIT and Fidelity’s FBTC Lead in Bitcoin Accumulation as GBTC Sells Off Since the trading […] Original
How do Hong Kong’s spot Bitcoin ETFs compare to their dominant U.S. counterparts, and could their introduction influence Bitcoin’s price upward? On Apr. 15, China Asset Management, Bosera Capital, and other firms announced on social media that they received conditional approval to launch spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) in Hong Kong. The Securities and Futures Commission (SFC) has not yet confirmed the list of approved issuers. This development follows closely spot BTC ETF approvals in the U.S. earlier this year. This contrasts with the situation in…
In the coming months, spot bitcoin ETFs will be added to multiple registered investment advisor (RIA) platforms and large broker/dealer wirehouses, and with this added distribution, “investment advisors that could more or less ignore bitcoin will now be forced to at least have an opinion” on the cryptocurrency, the report said. Original
Following Hong Kong’s authorization of the region’s first spot bitcoin and ethereum exchange-traded funds (ETFs), Bloomberg’s senior ETF analyst Eric Balchunas shared his insights on social media about the new additions. Although there were anticipations of notable capital inflows into the Hong Kong ETFs, Balchunas mentioned that while it’s a positive step forward, he emphasized […] Original
Bitcoin’s prominence in the cryptocurrency sector has reached a three-year peak, primarily influenced by strong interest in U.S. ETFs. According to CoinMarketCap, it accounted for almost 55% of the $2.4 trillion market for virtual currencies, a level last seen in April 2021. The major coins following Bitcoin (BTC) in market share are Ether (ETH), stablecoin Tether, Binance’s BNB, and Solana (SOL). Recently launched U.S. spot ETFs from companies such as BlackRock and Fidelity Investments have quickly become notable successes, accumulating nearly $56 billion in assets. The influx of investment briefly…
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
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…
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…
Data shows that U.S. spot bitcoin exchange-traded funds (ETFs) experienced negative outflows on Friday, totaling $55.1 million, with Grayscale’s Bitcoin Trust (GBTC) seeing another notable decrease. Metrics from Thursday reveal GBTC held 316,193.43 bitcoins, but after a decline of 2,048.23 bitcoins, the fund’s holdings reduced to 314,145.2 bitcoins. Blackrock and Fidelity Absorb Bitcoin Despite GBTC’s […] Original