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ETF trading in Hong Kong from April 30🗓️ Hong Kong has officially cleared the way for six crypto-based spot ETFs to begin trading on April 30, according to Bloomberg analysts. Initially, three spot Bitcoin and three spot Ether exchange-traded funds will become available. Hong Kong appears to be positioning itself as a digital assets hub with the ETF approval. #Crypto #ETF
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BlackRock tokenizes MMF on Hedera Archax, a London-based digital asset exchange, tokenized the BlackRock ICS US Treasury money market fund (MMF) on the Hedera (HBAR) blockchain. Collaborating with the HBAR Foundation and Ownera, Archax brought the MMF to Hedera. This milestone follows Hedera Council member abrdn's successful tokenization of its MMFs on Hedera last year. #HBAR $HBAR
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Fidelity Bitcoin ETF draws $40m inflow Fidelity's Bitcoin ETF drew a $40 million investment from two US financial advisers, making it the largest single investment in a Bitcoin fund. Legacy Wealth Management and United Capital Management of Kansas invested $20 million each in shares of Fidelity Wise Origin Bitcoin Fund (FBTC), becoming top shareholders. #BTC #ETF
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Shiba Inu raises $12 million 🔥 Shiba Inu, the Ethereum-based ecosystem represented by the SHIB token, raised $12 million in a token sale round for building its privacy-focused blockchain. Investors include Animoca Brands, DWF Ventures, Polygon Ventures, and others. The new network will be built on top of layer-2 network Shibarium and offer enhanced privacy for users. #Shiba $SHIB
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Firms seen to boost #BTC ETF holdings Bitwise CEO Hunter Horsley predicts wealth management firms will increase their Bitcoin ETF holdings. The prediction comes at a time when Bitcoin ETFs are expected to gain more traction after the halving. This aligns with growing demand for ETFs, as US ETF investments saw a net inflow before the halving, following five days of outflows. #BullorBear
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