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#China #Bitcoin #ETF Frenzy: Top Funds Apply For Hong Kong Approval Securities Times reports that Harvest Fund and Southern Fund, two Chinese financial titans, have applied to create a spot Bitcoin ETF. Even though China has been skeptical about Bitcoin and cryptocurrencies, top firms are seeking regulatory clearance to create Bitcoin ETFs. Harvest Fund and Southern Fund Hong Kong have applied for and deployed Bitcoin ETFs. China Asset Management's Hong Kong unit has joined with a Bitcoin ETF custodian, demonstrating industry cooperation' growing breadth. Hong Kong's fund sector is evaluating new Bitcoin investment products, according to the article. Hong Kong subsidiaries help prominent funds increase their product portfolios and investment breadth. This lets businesses capitalize on the region's rising desire for alternative investments. The successful launch of Asia's first cryptocurrency ETFs by China Southern Fund's Hong Kong affiliate, CSOP, has allegedly boosted crypto market demand ahead of probable Bitcoin ETF approvals. Other public funds and investors have seen CSOP's FA Southern Bitcoin Futures ETF's outstanding returns and trading volume despite market volatility. At the “2024 Hong Kong Web3 Carnival,” regulators pledged to promote business engagement and public education. This strategy encourages digital asset market growth while balancing innovation and control, a major change from prior regulatory stances. The paper also highlighted China Asset Management's Hong Kong branch's partnership with the HashKey Exchange to create a new virtual asset regulatory framework. The study also states that Hong Kong may allow spot Bitcoin ETF establishment and redemption, which might boost asset management and trading activity. Harvest Fund and Southern Fund manage around $230 billion and $280 billion, respectively, adding to institutional interest in Bitcoin ETFs. Hong Kong may become a center for new Bitcoin investment products as regulations change and industry support grows, enabling greater usage of digital assets in the area. $BTC

#China #Bitcoin #ETF Frenzy: Top Funds Apply For Hong Kong Approval

Securities Times reports that Harvest Fund and Southern Fund, two Chinese financial titans, have applied to create a spot Bitcoin ETF.

Even though China has been skeptical about Bitcoin and cryptocurrencies, top firms are seeking regulatory clearance to create Bitcoin ETFs.

Harvest Fund and Southern Fund Hong Kong have applied for and deployed Bitcoin ETFs.

China Asset Management's Hong Kong unit has joined with a Bitcoin ETF custodian, demonstrating industry cooperation' growing breadth.

Hong Kong's fund sector is evaluating new Bitcoin investment products, according to the article. Hong Kong subsidiaries help prominent funds increase their product portfolios and investment breadth. This lets businesses capitalize on the region's rising desire for alternative investments.

The successful launch of Asia's first cryptocurrency ETFs by China Southern Fund's Hong Kong affiliate, CSOP, has allegedly boosted crypto market demand ahead of probable Bitcoin ETF approvals.

Other public funds and investors have seen CSOP's FA Southern Bitcoin Futures ETF's outstanding returns and trading volume despite market volatility.

At the “2024 Hong Kong Web3 Carnival,” regulators pledged to promote business engagement and public education.

This strategy encourages digital asset market growth while balancing innovation and control, a major change from prior regulatory stances.

The paper also highlighted China Asset Management's Hong Kong branch's partnership with the HashKey Exchange to create a new virtual asset regulatory framework.

The study also states that Hong Kong may allow spot Bitcoin ETF establishment and redemption, which might boost asset management and trading activity.

Harvest Fund and Southern Fund manage around $230 billion and $280 billion, respectively, adding to institutional interest in Bitcoin ETFs.

Hong Kong may become a center for new Bitcoin investment products as regulations change and industry support grows, enabling greater usage of digital assets in the area.

$BTC

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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