HongKongCrypto
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Hong Kong à Frente em Cripto: ETF de Bitcoin à Vista e Interesse em Stablecoin
A Harvest Global Investments, líder em gestão de ativos na China, está avançando no mercado de criptomoedas de Hong Kong com uma aplicação para um ETF de Bitcoin à vista. Este passo é um marco significativo, refletindo o crescente interesse e aceitação das criptomoedas no cenário financeiro global.
Inscreva-se na Binance
Recentemente, a Comissão de Valores Mobiliários e Futuros de Hong Kong (SFC) anunciou sua disposição para considerar aplicações para ETFs de criptomoedas à vista. Em resposta, a Harvest Global, junto com a Venture Smart Financial Holdings, está buscando a aprovação para lançar tais produtos financeiros. Esses ETFs permitiriam aos investidores obter exposição direta ao Bitcoin sem a necessidade de possuir a criptomoeda fisicamente.
Além do interesse em ETFs, a Harvest Global está envolvida em discussões sobre o sandbox de stablecoin de Hong Kong. Este sandbox tem como objetivo explorar e desenvolver moedas digitais ancoradas em moedas fiduciárias, fornecendo um ambiente regulamentado e seguro para inovação.
A entrada de uma grande gestora de ativos como a Harvest Global no mercado de criptomoedas de Hong Kong é um indicativo da confiança crescente no setor. Esses movimentos são vitais para a integração das criptomoedas nos sistemas financeiros tradicionais e para a ampliação de sua aceitação como uma classe de ativos legítima.
Esta iniciativa de Hong Kong e da Harvest Global reforça a posição da Ásia como um centro de inovação em finanças digitais e criptomoedas, sinalizando um futuro promissor para a indústria.
#HongKongCrypto #BitcoinETF #StablecoinInnovation $BTC
Inscreva-se na Binance
Recentemente, a Comissão de Valores Mobiliários e Futuros de Hong Kong (SFC) anunciou sua disposição para considerar aplicações para ETFs de criptomoedas à vista. Em resposta, a Harvest Global, junto com a Venture Smart Financial Holdings, está buscando a aprovação para lançar tais produtos financeiros. Esses ETFs permitiriam aos investidores obter exposição direta ao Bitcoin sem a necessidade de possuir a criptomoeda fisicamente.
Além do interesse em ETFs, a Harvest Global está envolvida em discussões sobre o sandbox de stablecoin de Hong Kong. Este sandbox tem como objetivo explorar e desenvolver moedas digitais ancoradas em moedas fiduciárias, fornecendo um ambiente regulamentado e seguro para inovação.
A entrada de uma grande gestora de ativos como a Harvest Global no mercado de criptomoedas de Hong Kong é um indicativo da confiança crescente no setor. Esses movimentos são vitais para a integração das criptomoedas nos sistemas financeiros tradicionais e para a ampliação de sua aceitação como uma classe de ativos legítima.
Esta iniciativa de Hong Kong e da Harvest Global reforça a posição da Ásia como um centro de inovação em finanças digitais e criptomoedas, sinalizando um futuro promissor para a indústria.
#HongKongCrypto #BitcoinETF #StablecoinInnovation $BTC
Chen Haolian, deputy director of Hong Kong's Finance and Finance Department, announced at Hong Kong Fintech Week the development of a cryptocurrency trading platform-related system to meet market demand, emphasizing Hong Kong's commitment to enhancing the regulatory framework and providing guidelines for secure virtual asset custody services. 🇭🇰💹💼 #HongKongCrypto #RegulatoryFramework
🚨📈 Breaking Big: Hong Kong's Bitcoin & Ethereum ETFs Explode with $292M Day One Inflows! 🔥💥
In a dazzling debut that's turning heads across the financial world, Hong Kong's freshly launched Bitcoin and Ethereum ETFs have collectively raked in a jaw-dropping $292 million on their very first day! 🚀💰
Here's the Breakdown:
- Dominant Bitcoin: $BTC took the lion's share with 85% of the total inflows, showing its continued market strength and investor confidence.
- Ethereum's Strong Hold: Despite Bitcoin's dominance, $ETH made a significant mark by capturing the remaining 15%, highlighting its solid standing in the crypto landscape.
Why This Is HUGE:
- Market Confidence: This massive influx on day one signals strong investor confidence in both cryptocurrencies and the Hong Kong market's potential.
- Global Impact: These impressive numbers could spark further interest in cryptocurrency ETFs worldwide, potentially leading to more launches and increased mainstream adoption.
- Bullish Vibes: With such strong opening inflows, the mood around Bitcoin and Ethereum is more bullish than ever, suggesting that the momentum for both could continue to build. 🌐📊
#HongKongCrypto #BitcoinETF #EthereumETF #CryptoInflows #BullishNews
👍 Like | 💬 Comment | ↪️ Share
*Are you as excited as we are about these numbers? Let us know your thoughts and stay tuned for more updates from the crypto world!* 🔥📈
In a dazzling debut that's turning heads across the financial world, Hong Kong's freshly launched Bitcoin and Ethereum ETFs have collectively raked in a jaw-dropping $292 million on their very first day! 🚀💰
Here's the Breakdown:
- Dominant Bitcoin: $BTC took the lion's share with 85% of the total inflows, showing its continued market strength and investor confidence.
- Ethereum's Strong Hold: Despite Bitcoin's dominance, $ETH made a significant mark by capturing the remaining 15%, highlighting its solid standing in the crypto landscape.
Why This Is HUGE:
- Market Confidence: This massive influx on day one signals strong investor confidence in both cryptocurrencies and the Hong Kong market's potential.
- Global Impact: These impressive numbers could spark further interest in cryptocurrency ETFs worldwide, potentially leading to more launches and increased mainstream adoption.
- Bullish Vibes: With such strong opening inflows, the mood around Bitcoin and Ethereum is more bullish than ever, suggesting that the momentum for both could continue to build. 🌐📊
#HongKongCrypto #BitcoinETF #EthereumETF #CryptoInflows #BullishNews
👍 Like | 💬 Comment | ↪️ Share
*Are you as excited as we are about these numbers? Let us know your thoughts and stay tuned for more updates from the crypto world!* 🔥📈
Hong Kong's Securities and Futures Association suggests creating a government-level ICO portal; past ICO boom faded due to strict regulations. 🇭🇰💼 #ICOPortal #HongKongCrypto
Hong Kong's Approval of Spot Crypto ETFs Ignites Bullish Sentiments in Cryptocurrency Market
The cryptocurrency market has witnessed a surge in bullish sentiments as Hong Kong embraces the trend of spot cryptocurrency exchange-traded funds (ETFs). Bitcoin, the leading digital asset, surged above $66,000, marking a 3.02% increase over the past day, attributed to Hong Kong's ETF development.
On Monday, Hong Kong announced the approval of several spot Bitcoin and Ethereum ETFs, reflecting the city-state's commitment to positioning itself as a prominent crypto hub in the region.
China Asset Management, a notable asset manager, disclosed that its Hong Kong division received the green light from the Hong Kong Securities and Futures Commission (SFC) to provide retail asset management services linked to spot crypto ETFs. Collaborating with OSL and BOCI International, the company is set to launch spot Bitcoin and Ethereum ETFs.
Harvest Global Investments also secured initial approval from the SFC for its two spot crypto ETFs, in partnership with OSL. The move aims to address concerns regarding high margin requirements.
Additionally, Bosera Asset Management, a Hong Kong-based unit of a major Chinese asset manager, and HashKey Capital have been approved by the SFC to jointly manage two spot crypto ETFs.
The approval from the SFC comes at a strategic time, just days ahead of the highly anticipated Bitcoin halving event, injecting further optimism into the cryptocurrency market.
Hong Kong has been actively competing with other global financial centers such as Singapore and Dubai to establish itself as a focal point for cryptocurrency companies. Despite setbacks like the JPEX incident, where an unlicensed crypto exchange triggered a significant fraud, Hong Kong authorities have persisted in their efforts to attract crypto entrepreneurs.
Over the weekend, the cryptocurrency market experienced a downturn, with Bitcoin and altcoins facing significant losses. However, the announcement of Hong Kong's approval for spot BTC and ETH ETFs coincided with a market-wide recovery rally.
Bitcoin recorded a 3.1% increase in the past 24 hours, while Ethereum saw a nearly 6% surge. Other altcoins, including Solana, also witnessed gains, with a 7.4% increase, possibly fueled by recent network updates aimed at tackling congestion.
The approval of spot crypto ETFs in Hong Kong not only underscores the city's commitment to fostering innovation in the cryptocurrency space but also provides a significant boost to investor confidence, driving a resurgence in bullish sentiments across the market.
1. #CryptoETFs
2. #HongKongCrypto
3. #BullishMarket
4. #BitcoinHalving
5. #CryptocurrencyRally
On Monday, Hong Kong announced the approval of several spot Bitcoin and Ethereum ETFs, reflecting the city-state's commitment to positioning itself as a prominent crypto hub in the region.
China Asset Management, a notable asset manager, disclosed that its Hong Kong division received the green light from the Hong Kong Securities and Futures Commission (SFC) to provide retail asset management services linked to spot crypto ETFs. Collaborating with OSL and BOCI International, the company is set to launch spot Bitcoin and Ethereum ETFs.
Harvest Global Investments also secured initial approval from the SFC for its two spot crypto ETFs, in partnership with OSL. The move aims to address concerns regarding high margin requirements.
Additionally, Bosera Asset Management, a Hong Kong-based unit of a major Chinese asset manager, and HashKey Capital have been approved by the SFC to jointly manage two spot crypto ETFs.
The approval from the SFC comes at a strategic time, just days ahead of the highly anticipated Bitcoin halving event, injecting further optimism into the cryptocurrency market.
Hong Kong has been actively competing with other global financial centers such as Singapore and Dubai to establish itself as a focal point for cryptocurrency companies. Despite setbacks like the JPEX incident, where an unlicensed crypto exchange triggered a significant fraud, Hong Kong authorities have persisted in their efforts to attract crypto entrepreneurs.
Over the weekend, the cryptocurrency market experienced a downturn, with Bitcoin and altcoins facing significant losses. However, the announcement of Hong Kong's approval for spot BTC and ETH ETFs coincided with a market-wide recovery rally.
Bitcoin recorded a 3.1% increase in the past 24 hours, while Ethereum saw a nearly 6% surge. Other altcoins, including Solana, also witnessed gains, with a 7.4% increase, possibly fueled by recent network updates aimed at tackling congestion.
The approval of spot crypto ETFs in Hong Kong not only underscores the city's commitment to fostering innovation in the cryptocurrency space but also provides a significant boost to investor confidence, driving a resurgence in bullish sentiments across the market.
1. #CryptoETFs
2. #HongKongCrypto
3. #BullishMarket
4. #BitcoinHalving
5. #CryptocurrencyRally
🇭🇰🌐 Hong Kong's Cyberport Management is collaborating with financial authorities on stablecoin development. Peter Yan, CEO, expressed their efforts in this regard. Cyberport, backed by the Hong Kong government, is at the forefront of these developments. Stay tuned for more updates! 💼🔗 #Stablecoin #HongKongCrypto
🚀 EXCITING NEWS: Spot Bitcoin ETF Buzz in Hong Kong! 🌐
Amid the recent green light for spot Bitcoin exchange-traded funds (ETFs) in the U.S. and the guidance from Hong Kong's Securities and Futures Commission (SFC) last December, speculation is rife about the potential launch of a spot $BTC ETF in Hong Kong this year. Enter Venture Smart Financial Holdings Ltd. (VSFG), leading the charge by submitting the first application for a spot Bitcoin ETF to the SFC.
💥 China's Financial Powerhouse Takes Charge
VSFG declared its intent to seek SFC approval for a spot Bitcoin ETF launch this quarter. Notably, other players like Samsung Asset Management are also exploring this avenue. Tencent News reports that Harvest Fund Management kickstarted the action, submitting the inaugural spot Bitcoin ETF application to the SFC on January 26, awaiting approval post the Lunar New Year.
📈 Accelerated Licensing Process in Hong Kong
Following the U.S. Securities and Exchange Commission's (SEC) nod for spot crypto products, Hong Kong's SFC aims to fast-track the licensing process for the first ETF. The plan is to list it on the Hong Kong Stock Exchange post the Spring Festival, potentially aligning with the SEC's approach of approving multiple applications simultaneously.
🌐 Spot ETFs in Hong Kong vs. U.S.: A Comparative Lens
Insiders suggest that despite potential simultaneous approvals, Hong Kong's spot ETFs might mirror U.S. counterparts in performance. However, some Hong Kong family office investment managers foresee a disparity in subscription scale compared to the U.S., driven by keen interest and a more straightforward investment landscape.
🤔 Direct Bitcoin Subscriptions and Unique Features
Differing from their U.S. counterparts, Hong Kong's spot ETFs might offer increased potential for direct Bitcoin subscriptions, coupled with the flexibility of legal currency subscriptions.
🔍 The Road Ahead
While various firms express interest and plans for Spot Bitcoin ETFs, formal applications are pending.
#TradeNTell #Write2Earn #BitcoinETF #HongKongCrypto #FinancialNews
Amid the recent green light for spot Bitcoin exchange-traded funds (ETFs) in the U.S. and the guidance from Hong Kong's Securities and Futures Commission (SFC) last December, speculation is rife about the potential launch of a spot $BTC ETF in Hong Kong this year. Enter Venture Smart Financial Holdings Ltd. (VSFG), leading the charge by submitting the first application for a spot Bitcoin ETF to the SFC.
💥 China's Financial Powerhouse Takes Charge
VSFG declared its intent to seek SFC approval for a spot Bitcoin ETF launch this quarter. Notably, other players like Samsung Asset Management are also exploring this avenue. Tencent News reports that Harvest Fund Management kickstarted the action, submitting the inaugural spot Bitcoin ETF application to the SFC on January 26, awaiting approval post the Lunar New Year.
📈 Accelerated Licensing Process in Hong Kong
Following the U.S. Securities and Exchange Commission's (SEC) nod for spot crypto products, Hong Kong's SFC aims to fast-track the licensing process for the first ETF. The plan is to list it on the Hong Kong Stock Exchange post the Spring Festival, potentially aligning with the SEC's approach of approving multiple applications simultaneously.
🌐 Spot ETFs in Hong Kong vs. U.S.: A Comparative Lens
Insiders suggest that despite potential simultaneous approvals, Hong Kong's spot ETFs might mirror U.S. counterparts in performance. However, some Hong Kong family office investment managers foresee a disparity in subscription scale compared to the U.S., driven by keen interest and a more straightforward investment landscape.
🤔 Direct Bitcoin Subscriptions and Unique Features
Differing from their U.S. counterparts, Hong Kong's spot ETFs might offer increased potential for direct Bitcoin subscriptions, coupled with the flexibility of legal currency subscriptions.
🔍 The Road Ahead
While various firms express interest and plans for Spot Bitcoin ETFs, formal applications are pending.
#TradeNTell #Write2Earn #BitcoinETF #HongKongCrypto #FinancialNews
Bitcoin resilient above 100-day MA & weekly pivot amid inflow concerns from Hong Kong ETFs. UBS's stake in BlackRock's Bitcoin Trust & leverage liquidations shaping the market. Powell's inflation remarks & Cryptoquant's negative Coinbase Premium add uncertainty. 📈💼📉 #HongKongCrypto #BlackRock
Just last week, Hong Kong and UAE agreed to collaborate on crypto regulations. And residents in Hong Kong will be able to trade cryptocurrencies.
#HongKong #HongKongCrypto #UAE #regulations #SmartEarnersTeam
#HongKong #HongKongCrypto #UAE #regulations #SmartEarnersTeam
🇭🇰📈 Deloitte's Lu Zhihong reveals insights! The Hong Kong Securities and Futures Commission (SFC) is gearing up for more cryptocurrency company licenses in the second half of the year, reports HKEJ. Hashki and OSL have secured licenses, but Lu emphasizes that more is needed to make Hong Kong a global virtual asset hub. Hashki Group's COO, Livio Wong, acknowledges the challenge of accommodating multiple exchanges in the current Hong Kong market situation. Evolution is in the air! 🌐💼 #HongKongCrypto #SFCLicenses #BitcoinWorld
exciting times ahead for the crypto community in Hong Kong! The acceptance of applications for cryptocurrency trading platforms by SFC is a major step towards establishing it as a global hub. #HongKongCrypto #CryptoAdoption
🚨🚨🚨 Exciting News Alert: 🚨🚨🚨
👉Hong Kong's Bitcoin & Ethereum ETFs Make a Stunning Debut with $292M Inflows! 📈🚀
👉In a remarkable launch that's capturing global attention, Hong Kong's newly introduced Bitcoin and Ethereum ETFs have collectively attracted a staggering $292 million on their inaugural day! 💰💥
👉Key Highlights:⬇️
➡️ Bitcoin Dominance: $BTC leads the charge with 85% of the total inflows, showcasing its enduring market strength and investor trust.
➡️ Ethereum's Resilience: Despite Bitcoin's prominence, $ETH secures a notable 15%, underscoring its robust presence in the crypto sphere.
Why It Matters:❓❓❓
➡️ Investor Confidence: This significant influx on day one reflects robust investor confidence in both cryptocurrencies and the potential of the Hong Kong market.
➡️ Global Implications: These impressive figures could ignite broader interest in cryptocurrency ETFs globally, potentially catalyzing more launches and greater mainstream acceptance.
➡️ Bullish Sentiment: With such robust initial inflows, optimism surrounding Bitcoin and Ethereum is at an all-time high, hinting at continued momentum for both. 📊🌐
👉Excited about these groundbreaking numbers? Share your thoughts and stay tuned for more crypto updates!* 🚀🔥 #HongKongCrypto #BitcoinETF💰💰💰 #EthereumETF #CryptoInflows #BullishNews
👉Hong Kong's Bitcoin & Ethereum ETFs Make a Stunning Debut with $292M Inflows! 📈🚀
👉In a remarkable launch that's capturing global attention, Hong Kong's newly introduced Bitcoin and Ethereum ETFs have collectively attracted a staggering $292 million on their inaugural day! 💰💥
👉Key Highlights:⬇️
➡️ Bitcoin Dominance: $BTC leads the charge with 85% of the total inflows, showcasing its enduring market strength and investor trust.
➡️ Ethereum's Resilience: Despite Bitcoin's prominence, $ETH secures a notable 15%, underscoring its robust presence in the crypto sphere.
Why It Matters:❓❓❓
➡️ Investor Confidence: This significant influx on day one reflects robust investor confidence in both cryptocurrencies and the potential of the Hong Kong market.
➡️ Global Implications: These impressive figures could ignite broader interest in cryptocurrency ETFs globally, potentially catalyzing more launches and greater mainstream acceptance.
➡️ Bullish Sentiment: With such robust initial inflows, optimism surrounding Bitcoin and Ethereum is at an all-time high, hinting at continued momentum for both. 📊🌐
👉Excited about these groundbreaking numbers? Share your thoughts and stay tuned for more crypto updates!* 🚀🔥 #HongKongCrypto #BitcoinETF💰💰💰 #EthereumETF #CryptoInflows #BullishNews
After BTC fell below 62500, the dividing line of bull and bear markets, it is just down a little bit fell for 3 days. Its drop just like cutting meat with a blunt knife,which makes a large number of long sellers be trapped again‼ It turned out that 200,000 people suffered a liquidation for the three-day slow dropping ‼
Have you heard such a statement made by a so-called analyst that the bull market will come back during the rebound of BTC this time, and let you buy stop⁉ However, it is a big mistake to call for buy in leading to huge floating profits and call margine after suffering floating loss during the slight decline for 3 days. Therefore, it is a stupid operation to continously go long and keep call margine for suffering a loss when the downward trend is not over. This will make you more passive in the market trend and either you will suffer huge losses, or you may expect the rise to bear the risk of liquidation. Even if it rises, others make money and you can't sleep every day for getting release from the market trend. Do you feel comfortable?
We opened short position at 65200, which is the dividing line of bull and bear markets. At the same time, we have mentioned the 3220 pressure zone and 3160 pressure zone of ETH many times. We have made a profit from the situation where the bulls and the bears declined in the same time in the marke.
Excellent teams can make huge profits and win the trust and hearts of followers. The team of chief trader will publish market analysis and predictions with accurate points and directions to fans for free every day, We will not take advantage of fans to make money and deceive our fans. What I really want to do is record my journey to becoming the best trader in the cryptocurrency circle. I hope you can join us along the way.#BTC_MARKET_UPDATE #May2024Battle #HongKongCrypto
Have you heard such a statement made by a so-called analyst that the bull market will come back during the rebound of BTC this time, and let you buy stop⁉ However, it is a big mistake to call for buy in leading to huge floating profits and call margine after suffering floating loss during the slight decline for 3 days. Therefore, it is a stupid operation to continously go long and keep call margine for suffering a loss when the downward trend is not over. This will make you more passive in the market trend and either you will suffer huge losses, or you may expect the rise to bear the risk of liquidation. Even if it rises, others make money and you can't sleep every day for getting release from the market trend. Do you feel comfortable?
We opened short position at 65200, which is the dividing line of bull and bear markets. At the same time, we have mentioned the 3220 pressure zone and 3160 pressure zone of ETH many times. We have made a profit from the situation where the bulls and the bears declined in the same time in the marke.
Excellent teams can make huge profits and win the trust and hearts of followers. The team of chief trader will publish market analysis and predictions with accurate points and directions to fans for free every day, We will not take advantage of fans to make money and deceive our fans. What I really want to do is record my journey to becoming the best trader in the cryptocurrency circle. I hope you can join us along the way.#BTC_MARKET_UPDATE #May2024Battle #HongKongCrypto
LIVEthe journey of chief trader
--
BTC once again tested the support band of 61200, and ETH fluctuated repeatedly at the 3000 mark‼ The last selling before the plung is still to eliminate those long-term bears⁉With the continuous plunge of the marke, ETH has continued to weaken. Compared with the surge of Bitcoin in this bull market, Ethereum has not reached a record high. At the same time, ETH declined more fastly in the subsequent decline of Bitcoin, so the market trend and market situation of the Ethereum are quite more weaken than Bitcoin. It can be seen that Bitcoin has hit a new low in three days, but E THbegan to strengthen WITHOUT hitting a new low. If there is a plunge, it must BTC plunge with a needle-shaped trend, driving ETH to fall sharply. Please note that Bitcoin will not strengthen for the strenthening of Ethereum. If Bitcoin plunges in the next market trend leading to a considerable whipsaw to individual investors, then ETH will definitely develop in the same way.In the subsequent rebound, Ethereum's rebound will far exceed Bitcoin, and the speed of its rise will also far exceed Bitcoin. So in terms of the current trend, if Bitcoin plummets in the future market trend, Bitcoin must will fall below 60,000. However, according to the current market situation of BTC, I believe that its plunge must be accompanied by a plunge of ETH. BTC will not drop slightly for the strengthening of ETH while ETH will plunge as Bitcoin plummets. But after the plung, the speed and the height of the rebound of ETH will far exceed Bitcoin. This news can be clearly obtained from the current market situation.The key support level of ETH is short-term period and ETH drops slowly, which have been published to everyone. The first support level ranges from 2928 to 2958, and the second support level ranges from 2758 to 2828. If the ETH plunges as a waterfall leading to a whipsaw, then the support level of the plunge as a needle-shaped trend including two: the first support level ranges from 2658 to 2688, and the second support level ranges from 2560 to 2596.#BTC #memecoin🚀🚀🚀 #MayMarketHighlights
📉🚨 Hong Kong Bitcoin ETF Experiences First Net Redemption, Ethereum ETF Sees Continued Growth 📈
In a striking turn of market events, the Hong Kong Bitcoin Spot ETF 📉 has faced its first net redemption since launching on April 30th, according to PANews and data from SoSo Value. On May 6th, the fund underwent a significant redemption of 75.36 Bitcoins, reducing its holdings to 4,150 Bitcoins with a daily transaction volume hitting $8.6 million and total net assets at $266 million.
Contrastingly, the Ethereum Spot ETF in Hong Kong 📈 has sustained its upward trajectory, marking four consecutive trading days of net purchases. On the same day, this ETF added a whopping 999.75 Ethereum, boosting its total holdings to 17,280 Ethereum. This activity generated a transaction volume of $1.8 million, bringing its total net assets to $54.87 million.
Key Takeaways:
- Bitcoin ETF: Despite its initial success, the recent net redemption suggests a cooling off or strategic shifts among investors 🔄.
- Ethereum ETF: Continued purchases indicate strong and growing investor confidence in Ethereum as a long-term investment 💪.
Market Insight:
The differing trajectories of these two ETFs underline varied investor sentiments towards major cryptocurrencies 📊. The spot redemption and purchase mechanism of these ETFs offers real-time reflections of market dynamics, providing valuable insights into broader investment trends in the cryptocurrency space.
#CryptoNews #Bitcoin #Ethereum #MbeyaconsciousComunity #HongKongCrypto
In a striking turn of market events, the Hong Kong Bitcoin Spot ETF 📉 has faced its first net redemption since launching on April 30th, according to PANews and data from SoSo Value. On May 6th, the fund underwent a significant redemption of 75.36 Bitcoins, reducing its holdings to 4,150 Bitcoins with a daily transaction volume hitting $8.6 million and total net assets at $266 million.
Contrastingly, the Ethereum Spot ETF in Hong Kong 📈 has sustained its upward trajectory, marking four consecutive trading days of net purchases. On the same day, this ETF added a whopping 999.75 Ethereum, boosting its total holdings to 17,280 Ethereum. This activity generated a transaction volume of $1.8 million, bringing its total net assets to $54.87 million.
Key Takeaways:
- Bitcoin ETF: Despite its initial success, the recent net redemption suggests a cooling off or strategic shifts among investors 🔄.
- Ethereum ETF: Continued purchases indicate strong and growing investor confidence in Ethereum as a long-term investment 💪.
Market Insight:
The differing trajectories of these two ETFs underline varied investor sentiments towards major cryptocurrencies 📊. The spot redemption and purchase mechanism of these ETFs offers real-time reflections of market dynamics, providing valuable insights into broader investment trends in the cryptocurrency space.
#CryptoNews #Bitcoin #Ethereum #MbeyaconsciousComunity #HongKongCrypto
▪️ Hong Kong continues grow with additional 150 firms for Web3 in 2023.
▪️Hong Kong has 1,900 digital companies registered for crypto.
#crypto #HongKong #china #HongKongCrypto #hongkonghub
▪️Hong Kong has 1,900 digital companies registered for crypto.
#crypto #HongKong #china #HongKongCrypto #hongkonghub
After BTC fell below 62500, the dividing line of bull and bear markets, it is just down a little bit fell for 3 days. Its drop just like cutting meat with a blunt knife,which makes a large number of long sellers be trapped again‼ It turned out that 200,000 people suffered a liquidation for the three-day slow dropping ‼
Have you heard such a statement made by a so-called analyst that the bull market will come back during the rebound of BTC this time, and let you buy stop⁉ However, it is a big mistake to call for buy in leading to huge floating profits and call margine after suffering floating loss during the slight decline for 3 days. Therefore, it is a stupid operation to continously go long and keep call margine for suffering a loss when the downward trend is not over. This will make you more passive in the market trend and either you will suffer huge losses, or you may expect the rise to bear the risk of liquidation. Even if it rises, others make money and you can't sleep every day for getting release from the market trend. Do you feel comfortable?
We opened short position at 65200, which is the dividing line of bull and bear markets. At the same time, we have mentioned the 3220 pressure zone and 3160 pressure zone of ETH many times. We have made a profit from the situation where the bulls and the bears declined in the same time in the marke.
Excellent teams can make huge profits and win the trust and hearts of followers. The team of chief trader will publish market analysis and predictions with accurate points and directions to fans for free every day, We will not take advantage of fans to make money and deceive our fans. What I really want to do is record my journey to becoming the best trader in the cryptocurrency circle. I hope you can join us along the way.#BTC_MARKET_UPDATE #May2024Battle #HongKongCrypto
Have you heard such a statement made by a so-called analyst that the bull market will come back during the rebound of BTC this time, and let you buy stop⁉ However, it is a big mistake to call for buy in leading to huge floating profits and call margine after suffering floating loss during the slight decline for 3 days. Therefore, it is a stupid operation to continously go long and keep call margine for suffering a loss when the downward trend is not over. This will make you more passive in the market trend and either you will suffer huge losses, or you may expect the rise to bear the risk of liquidation. Even if it rises, others make money and you can't sleep every day for getting release from the market trend. Do you feel comfortable?
We opened short position at 65200, which is the dividing line of bull and bear markets. At the same time, we have mentioned the 3220 pressure zone and 3160 pressure zone of ETH many times. We have made a profit from the situation where the bulls and the bears declined in the same time in the marke.
Excellent teams can make huge profits and win the trust and hearts of followers. The team of chief trader will publish market analysis and predictions with accurate points and directions to fans for free every day, We will not take advantage of fans to make money and deceive our fans. What I really want to do is record my journey to becoming the best trader in the cryptocurrency circle. I hope you can join us along the way.#BTC_MARKET_UPDATE #May2024Battle #HongKongCrypto
🚀 Exciting News for Crypto Enthusiasts in Hong Kong! 🌟
Get ready for a game-changing development in the world of cryptocurrency! According to PANews, the Hong Kong Securities and Futures Commission (SFC) is on the verge of allowing the creation and redemption of Bitcoin spot exchange-traded funds (ETFs) in the second quarter of this year. 🎉
Bloomberg ETF analyst Rebecca Sin believes it's only a matter of time before this becomes a reality. What's even more groundbreaking is that the Hong Kong SFC is set to permit physical redemptions, setting itself apart from US Bitcoin spot ETFs that only allow cash redemptions. 💰
Stay tuned for more updates on this exciting journey into the future of digital assets! Don't miss out on this opportunity to be part of the next big wave in crypto investment! 🌊 #Bitcoin #ETF #HongKongCrypto #GameChanger #CryptoRevolution 🚀
Get ready for a game-changing development in the world of cryptocurrency! According to PANews, the Hong Kong Securities and Futures Commission (SFC) is on the verge of allowing the creation and redemption of Bitcoin spot exchange-traded funds (ETFs) in the second quarter of this year. 🎉
Bloomberg ETF analyst Rebecca Sin believes it's only a matter of time before this becomes a reality. What's even more groundbreaking is that the Hong Kong SFC is set to permit physical redemptions, setting itself apart from US Bitcoin spot ETFs that only allow cash redemptions. 💰
Stay tuned for more updates on this exciting journey into the future of digital assets! Don't miss out on this opportunity to be part of the next big wave in crypto investment! 🌊 #Bitcoin #ETF #HongKongCrypto #GameChanger #CryptoRevolution 🚀
🚀💰Hong Kong has approved spot Bitcoin and ETFs, with the first batch of approved ETFs scheduled to launch on April 30, 2024 . 🚀💰
Here are some key points about the approval:
- *First in Asia*: 🔜🌎
Hong Kong is the first jurisdiction in Asia to approve spot Bitcoin and ETFs.
- *In-kind creation*: 💰
Hong Kong allows in-kind creation models, enabling direct exchange of cryptocurrencies for ETF shares.
- *No tax*: 💵Hong Kong's spot crypto ETFs have no tax.
- *Growing demand*:
There is expected to be robust demand for these offerings, given the growing adoption of ETFs in institutional asset allocation and retail trading in Hong Kong.
- *Contrast with mainland China*:
Hong Kong's approval of spot Bitcoin and ETFs contrasts with mainland China's crackdown on cryptocurrencies.
- *Multiple issuers*:
Multiple issuers, including China Asset Management, Bosera Capital, and others, have received approval to list spot Bitcoin and ETFs.
Comment and share yours experience and point of view about this ⬇️
#ScamRiskWarning $BTC $ETH $ETH #BTC #HongKong #HongKongCrypto
Here are some key points about the approval:
- *First in Asia*: 🔜🌎
Hong Kong is the first jurisdiction in Asia to approve spot Bitcoin and ETFs.
- *In-kind creation*: 💰
Hong Kong allows in-kind creation models, enabling direct exchange of cryptocurrencies for ETF shares.
- *No tax*: 💵Hong Kong's spot crypto ETFs have no tax.
- *Growing demand*:
There is expected to be robust demand for these offerings, given the growing adoption of ETFs in institutional asset allocation and retail trading in Hong Kong.
- *Contrast with mainland China*:
Hong Kong's approval of spot Bitcoin and ETFs contrasts with mainland China's crackdown on cryptocurrencies.
- *Multiple issuers*:
Multiple issuers, including China Asset Management, Bosera Capital, and others, have received approval to list spot Bitcoin and ETFs.
Comment and share yours experience and point of view about this ⬇️
#ScamRiskWarning $BTC $ETH $ETH #BTC #HongKong #HongKongCrypto