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Hong Kong has approved the first Bitcoin and Ethereum Spot ETFs, what do investors need to know? Explain how prices might react, key influencing factors, and investment strategies.
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BTC, ETH Rise As Hong Kong Bitcoin ETF Applicants Say They've Been Approved
Bitcoin {{BTC}} has risen 2.8% over 24 hours, trading above $66,500, and ether {{ETH}} has advanced to $3,240, according to CoinDesk Indices data, as multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds (ETFs).
China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. Some of the posts have since been deleted.
The SFC did not return emails or phone calls asking for comment.
Singapore-based digital assets trading house QCP Capital said in a message shared with CoinDesk that it believes the ETFs, when approved, will unlock some institutional demand during Asia trading hours.
"Participants who wanted exposure have always been limited to US hours, but this now gives institutional investors an Asia-based alternative," QCP wrote. "We believe this will be bullish short term, but there are more important narratives and drivers such as macro events."
China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. Some of the posts have since been deleted.
The SFC did not return emails or phone calls asking for comment.
Singapore-based digital assets trading house QCP Capital said in a message shared with CoinDesk that it believes the ETFs, when approved, will unlock some institutional demand during Asia trading hours.
"Participants who wanted exposure have always been limited to US hours, but this now gives institutional investors an Asia-based alternative," QCP wrote. "We believe this will be bullish short term, but there are more important narratives and drivers such as macro events."
🚨 Breaking: SEC Approval!
The SEC has officially approved Hashdex's Nasdaq Bitcoin and Ethereum Crypto Index ETF.
This marks another step forward for crypto adoption in traditional finance! 🌐💹
📌 Reminder: This is not financial advice. Always DYOR before making investment decisions!
#btc #sec #etf #ParrotBambooCrypto $BTC
The SEC has officially approved Hashdex's Nasdaq Bitcoin and Ethereum Crypto Index ETF.
This marks another step forward for crypto adoption in traditional finance! 🌐💹
📌 Reminder: This is not financial advice. Always DYOR before making investment decisions!
#btc #sec #etf #ParrotBambooCrypto $BTC
Aazan_M:
🥲
📊 Daily ETF Update: December 19
Spot Bitcoin ETFs saw a significant outflow of $672 million.
Spot Ethereum ETFs recorded a net outflow of $60 million.
Market movements remain dynamic—stay informed!
📌 Not financial advice. Always do your own research before making investment decisions.
#BTC #etf #ParrotBambooCrypto $BTC
Spot Bitcoin ETFs saw a significant outflow of $672 million.
Spot Ethereum ETFs recorded a net outflow of $60 million.
Market movements remain dynamic—stay informed!
📌 Not financial advice. Always do your own research before making investment decisions.
#BTC #etf #ParrotBambooCrypto $BTC
💫 A new era in investing?
It took 20 years for Blackrock's Gold ETF to hit $33 billion, but the Blackrock Bitcoin ETF has nearly doubled that figure in under a year. 🚀
Bitcoin continues to redefine market dynamics. Are you watching? 👀
Disclaimer: This is not investment advice. Always conduct your own research and evaluate risks carefully.
#BTC #BlackRock #etf #ParrotBambooCrypto $BTC
It took 20 years for Blackrock's Gold ETF to hit $33 billion, but the Blackrock Bitcoin ETF has nearly doubled that figure in under a year. 🚀
Bitcoin continues to redefine market dynamics. Are you watching? 👀
Disclaimer: This is not investment advice. Always conduct your own research and evaluate risks carefully.
#BTC #BlackRock #etf #ParrotBambooCrypto $BTC
Cripto-Pet:
Surreal
📊10 Aralık’ta spot Bitcoin ETF'ler 438 millyon dolarlık giriş yaşadı. Spot Ethereum ETF’ler ise 305 milyon dolarlık net giriş gördü.
📊 On December 10th, spot Bitcoin ETFs experienced an inflow of 438 million dollars, while spot Ethereum ETFs saw a net inflow of 305 million dollars.
#bitcoin #ethereum #etf
📊 On December 10th, spot Bitcoin ETFs experienced an inflow of 438 million dollars, while spot Ethereum ETFs saw a net inflow of 305 million dollars.
#bitcoin #ethereum #etf
BREAKING:
BlackRock seed investor bought $100,000 of its Bitcoin ETF shares in October.
A flood of money will pour in... 🌊🌊🌊
#etf #Bitcoin #BlackRock
BlackRock seed investor bought $100,000 of its Bitcoin ETF shares in October.
A flood of money will pour in... 🌊🌊🌊
#etf #Bitcoin #BlackRock
In favor of Ethereum ETF, SEC Chair Gensler
US Securities and Exchange Commission Chair Gary Gensler said the Spot Ethereum ETF clearance process is going well. Gensler voiced hope for the July launch of the new investment product at the Bloomberg Invest Summit. This is a major milestone for the cryptocurrency sector as Ethereum prepares to follow Bitcoin.
The Spot Ethereum ETF clearance process is going well, Gensler said. He repeated assertions made earlier this month before the US Senate Appropriations Subcommittee on Financial Services that "the registration process is working smoothly."
SEC is actively working with issuers on S-1 disclosures, a requirement for ETF trading. “I envision sometime over the course of this summer,” Gensler said, suggesting a debut date within months.
The SEC prioritizes compliance and openness. Gensler stressed “disclosure and registration,” indicating that these processes are essential for ETF clearance.
Several Ethereum ETF issuers are rushing to fulfill SEC criteria. VanEck has modified its S-1 filings to include seed funding and fees. VanEck announced a 0.20% fee that would be delayed until 2025, making the ETF free at launch. This strategy seeks to recruit investors and develop a strong market position early on.
A July launch is being considered by several issuers who are finishing their files. These businesses' progress underscores industry expectation of the SEC's clearance, which might spur Ethereum investment.
The cryptocurrency market is affected by Spot Ethereum ETF approval. Bitcoin prices reached an all-time high of $73,000 three months after Bitcoin ETFs launched earlier this year, setting a precedent. Experts say Ethereum ETFs may not draw as much investment as Bitcoin, but the potential is high.
Gensler addressed the digital asset market's issues. He chastised the sector for non-compliance and transparency violations. Gensler called several cryptocurrencies securities and called for further regulation to safeguard investors.
#ETH #etf #CryptoTradingGuide $ETH
US Securities and Exchange Commission Chair Gary Gensler said the Spot Ethereum ETF clearance process is going well. Gensler voiced hope for the July launch of the new investment product at the Bloomberg Invest Summit. This is a major milestone for the cryptocurrency sector as Ethereum prepares to follow Bitcoin.
The Spot Ethereum ETF clearance process is going well, Gensler said. He repeated assertions made earlier this month before the US Senate Appropriations Subcommittee on Financial Services that "the registration process is working smoothly."
SEC is actively working with issuers on S-1 disclosures, a requirement for ETF trading. “I envision sometime over the course of this summer,” Gensler said, suggesting a debut date within months.
The SEC prioritizes compliance and openness. Gensler stressed “disclosure and registration,” indicating that these processes are essential for ETF clearance.
Several Ethereum ETF issuers are rushing to fulfill SEC criteria. VanEck has modified its S-1 filings to include seed funding and fees. VanEck announced a 0.20% fee that would be delayed until 2025, making the ETF free at launch. This strategy seeks to recruit investors and develop a strong market position early on.
A July launch is being considered by several issuers who are finishing their files. These businesses' progress underscores industry expectation of the SEC's clearance, which might spur Ethereum investment.
The cryptocurrency market is affected by Spot Ethereum ETF approval. Bitcoin prices reached an all-time high of $73,000 three months after Bitcoin ETFs launched earlier this year, setting a precedent. Experts say Ethereum ETFs may not draw as much investment as Bitcoin, but the potential is high.
Gensler addressed the digital asset market's issues. He chastised the sector for non-compliance and transparency violations. Gensler called several cryptocurrencies securities and called for further regulation to safeguard investors.
#ETH #etf #CryptoTradingGuide $ETH
🚀🚀🚀 Unlocking the Power of Copy Trading 🚀🚀🚀
📝 Copy trading is like having a skilled mentor in the world of trading. You can simply mimic the moves of experienced traders in real-time. Once you decide how much you want to invest, the system automatically duplicates the trades made by the top traders you're following.
💼 So, who are these lead traders and copy traders? Lead traders are the pros who graciously allow others to shadow and copy their trading actions, while copy traders are the ones mirroring the strategies of these lead traders.
🪙 Now, why is copy trading a good idea? Well, if you're new to the crypto market, it's a fantastic way to get your feet wet and learn trading tactics by observing the experts. Seasoned traders can also switch roles and become lead traders, profiting from the success of their followers. Plus, it fosters a trading community where folks can communicate, learn, and duplicate one another's trades.
🛑 But, of course, there are risks involved in copy trading. Like any investment, there's always a certain level of risk. If the strategy you're copying doesn't pan out, you could end up losing your investments. Additionally, during turbulent market periods or if you're dealing with assets that aren't very liquid, there's a risk of slippage. So, it's essential to manage your risks wisely and invest within your financial comfort zone.
#BTC #Binance #etf #trading #pepe
$BTC
📝 Copy trading is like having a skilled mentor in the world of trading. You can simply mimic the moves of experienced traders in real-time. Once you decide how much you want to invest, the system automatically duplicates the trades made by the top traders you're following.
💼 So, who are these lead traders and copy traders? Lead traders are the pros who graciously allow others to shadow and copy their trading actions, while copy traders are the ones mirroring the strategies of these lead traders.
🪙 Now, why is copy trading a good idea? Well, if you're new to the crypto market, it's a fantastic way to get your feet wet and learn trading tactics by observing the experts. Seasoned traders can also switch roles and become lead traders, profiting from the success of their followers. Plus, it fosters a trading community where folks can communicate, learn, and duplicate one another's trades.
🛑 But, of course, there are risks involved in copy trading. Like any investment, there's always a certain level of risk. If the strategy you're copying doesn't pan out, you could end up losing your investments. Additionally, during turbulent market periods or if you're dealing with assets that aren't very liquid, there's a risk of slippage. So, it's essential to manage your risks wisely and invest within your financial comfort zone.
#BTC #Binance #etf #trading #pepe
$BTC
PEPE once again outshines its competitors in the meme coin market.
While the cryptocurrency market is in a positive mood, led by Bitcoin, some altcoins are outperforming Bitcoin and benefiting more from the optimism towards the sector.
With Bitcoin retesting the $ 35,000 level after 17 months, there was a significant increase in the cryptocurrency market value. On the other hand, while there is a value increase in the meme coin market in parallel with the market in general, DOGE has increased in value by nearly 20% since last week and SHIB by just over 10%.
PEPE, one of the new assets of the Memecoin sector, has surpassed the performances of its major competitors and has increased by more than 70% since last week. PEPE had fallen to around 0.0000006 dollars, with a value loss of up to 50% due to some problems experienced in its network in the last two months. With the increase in demand for the crypto market, new developments in the PEPE network have helped the cryptocurrency perform well above the market average.
While the burning of 6.9 trillion tokens worth $5.5 million in the PEPE network coincided with the upward trend, this development contributed to a rapid trend reversal in crypto money. The Pepe team also recruited new experts to provide consultancy to the project after the trust in the network was shaken by unauthorized transfers in recent months. Thus, an important step was taken to compensate for the loss of trust in the network.
However, Blockchain data also reveals that the rise in the PEPE token is supported by whales. In the last case, PEPE regained most of the losses in the August - September period and rose to the $ 0.0000011 band, and the upward trend in the cryptocurrency continues.
While the cryptocurrency market is in a positive mood, led by Bitcoin, some altcoins are outperforming Bitcoin and benefiting more from the optimism towards the sector.
With Bitcoin retesting the $ 35,000 level after 17 months, there was a significant increase in the cryptocurrency market value. On the other hand, while there is a value increase in the meme coin market in parallel with the market in general, DOGE has increased in value by nearly 20% since last week and SHIB by just over 10%.
PEPE, one of the new assets of the Memecoin sector, has surpassed the performances of its major competitors and has increased by more than 70% since last week. PEPE had fallen to around 0.0000006 dollars, with a value loss of up to 50% due to some problems experienced in its network in the last two months. With the increase in demand for the crypto market, new developments in the PEPE network have helped the cryptocurrency perform well above the market average.
While the burning of 6.9 trillion tokens worth $5.5 million in the PEPE network coincided with the upward trend, this development contributed to a rapid trend reversal in crypto money. The Pepe team also recruited new experts to provide consultancy to the project after the trust in the network was shaken by unauthorized transfers in recent months. Thus, an important step was taken to compensate for the loss of trust in the network.
However, Blockchain data also reveals that the rise in the PEPE token is supported by whales. In the last case, PEPE regained most of the losses in the August - September period and rose to the $ 0.0000011 band, and the upward trend in the cryptocurrency continues.
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Todayq News
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BlackRock’s IBTC ETF Sparks Bitcoin Frenzy Amidst DTCC Website Drama
Crypto enthusiasts were confused when BlackRock’s spot Bitcoin ETF (IBTC) disappeared for a while and then reappeared again on the DTCC. This news sent the crypto market into frenzy as they speculate the potential approval of a BlackRock’s ETF. The market reaction was expected .
ETF back on website Source: DTCC How it all unfolded?
IBTC listed on the DTCC website on October 23. Bitcoin immediately experienced a surge to new yearly highs. Investors are excited anticipating the approval of a spot ETF.
However, it was short-lived since the ticker mysteriously vanished from the site a few hours later, causing Bitcoin’s price to plummet by nearly 3%. This rollercoaster ride is an evidence of the pivotal role that ETF-related developments play in the crypto space.
Eric Balchunas, a Senior Bloomberg ETF analyst, pointed out that the drama temporarily crashed the DTCC website. The attention garnered by the DTCC in this context highlights the intensity of this ETF saga.
Looks like the DTCC website has crashed pic.twitter.com/UyrrfAl2Eu
— Eric Balchunas (@EricBalchunas) October 24, 2023
What changed after IBTC was on the list again?
An observant Twitter user spotted a crucial change on the DTCC website after the re-listing of IBTC. The new listing featured an “N” instead of a “Y” under the “create/redeem” column.
James Seyffart, another Bloomberg ETF analyst, says that the “N” indicates BlackRock is meticulously preparing for the ETF’s launch. This is obviously, contingent on SEC approval. He explained that the “N” signifies that the ETF is not yet open for create and redeem, as it’s not live.
Interestingly, Reuters reports that the IBTC listing had been on the site since August. It only gained widespread attention a few days ago.
Does the listing mean an approval is on the way?
A DTCC spokesperson clarified that this addition to the NSCC security eligibility file. It is a standard practice done in preparation for launching a new ETF into the market. He also clarified that appearance of a security on the list does not mean any outcome in terms of regulatory approval.
Bitcoin held itself steady following IBTC’s rollercoaster of events. It is 0.15% up in the last hour. Bitcoin has recorded an impressive 19.1% gain over the past week, currently trading at $33,940. It underlines its resilience in the face of evolving market dynamics.
The post BlackRock’s IBTC ETF sparks Bitcoin frenzy amidst DTCC website drama appeared first on Todayq News.
ETF back on website Source: DTCC How it all unfolded?
IBTC listed on the DTCC website on October 23. Bitcoin immediately experienced a surge to new yearly highs. Investors are excited anticipating the approval of a spot ETF.
However, it was short-lived since the ticker mysteriously vanished from the site a few hours later, causing Bitcoin’s price to plummet by nearly 3%. This rollercoaster ride is an evidence of the pivotal role that ETF-related developments play in the crypto space.
Eric Balchunas, a Senior Bloomberg ETF analyst, pointed out that the drama temporarily crashed the DTCC website. The attention garnered by the DTCC in this context highlights the intensity of this ETF saga.
Looks like the DTCC website has crashed pic.twitter.com/UyrrfAl2Eu
— Eric Balchunas (@EricBalchunas) October 24, 2023
What changed after IBTC was on the list again?
An observant Twitter user spotted a crucial change on the DTCC website after the re-listing of IBTC. The new listing featured an “N” instead of a “Y” under the “create/redeem” column.
James Seyffart, another Bloomberg ETF analyst, says that the “N” indicates BlackRock is meticulously preparing for the ETF’s launch. This is obviously, contingent on SEC approval. He explained that the “N” signifies that the ETF is not yet open for create and redeem, as it’s not live.
Interestingly, Reuters reports that the IBTC listing had been on the site since August. It only gained widespread attention a few days ago.
Does the listing mean an approval is on the way?
A DTCC spokesperson clarified that this addition to the NSCC security eligibility file. It is a standard practice done in preparation for launching a new ETF into the market. He also clarified that appearance of a security on the list does not mean any outcome in terms of regulatory approval.
Bitcoin held itself steady following IBTC’s rollercoaster of events. It is 0.15% up in the last hour. Bitcoin has recorded an impressive 19.1% gain over the past week, currently trading at $33,940. It underlines its resilience in the face of evolving market dynamics.
The post BlackRock’s IBTC ETF sparks Bitcoin frenzy amidst DTCC website drama appeared first on Todayq News.