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😍 🚀Hong Kong Bitcoin, Ethereum ETFs expected to outperform US counterparts’ volume on day 1😍
Hong Kong braces for the debut of its first spot Bitcoin and Ethereum ETFs, expectations are soaring that the initial trading volumes will eclipse those witnessed during similar launches in the US, local media reported on April 29. Huaxia Fund Management (Hong Kong), along with digital asset service provider OSL, are spearheading the launch of these ETFs, which are set to go live on the Hong Kong Stock Exchange on April 30.
#HongKong #EthereumETF
Hong Kong braces for the debut of its first spot Bitcoin and Ethereum ETFs, expectations are soaring that the initial trading volumes will eclipse those witnessed during similar launches in the US, local media reported on April 29. Huaxia Fund Management (Hong Kong), along with digital asset service provider OSL, are spearheading the launch of these ETFs, which are set to go live on the Hong Kong Stock Exchange on April 30.
#HongKong #EthereumETF
Deadline Looms for Hong Kong-Based Crypto Exchanges
Hong Kong has been positioning itself as a crypto hub to attract new capital and talent. It also appears to want to reclaim its position as a global financial hub, looking to tap into growing industry interest and investment.
The government is keen to embrace the crypto ecosystem. This is evident through implementation of fresh regulations to oversee crypto exchanges and en$able trading for retail investors.
Earlier this week, Hong Kong’s SFC issued a warning to crypto investors. They advised using only licensed trading platforms and urged verifying the status of the exchanges they’ve signed up for.
The announcement comes as Hong Kong-based virtual asset trading platforms must apply for licenses by Feb. 29 or cease operations by the end of May.
Hong Kong is also set to follow the US in approving spot Bitcoin ETFs. In December, both the SFC and the Hong Kong Monetary Authority announced they would accept applications for virtual asset spot ETFs. They also provided standards of conduct for intermediaries looking to distribute these funds.
#Write2Earn #ETFDecision #HongKong $BTC $BNB $ETH
Hong Kong has been positioning itself as a crypto hub to attract new capital and talent. It also appears to want to reclaim its position as a global financial hub, looking to tap into growing industry interest and investment.
The government is keen to embrace the crypto ecosystem. This is evident through implementation of fresh regulations to oversee crypto exchanges and en$able trading for retail investors.
Earlier this week, Hong Kong’s SFC issued a warning to crypto investors. They advised using only licensed trading platforms and urged verifying the status of the exchanges they’ve signed up for.
The announcement comes as Hong Kong-based virtual asset trading platforms must apply for licenses by Feb. 29 or cease operations by the end of May.
Hong Kong is also set to follow the US in approving spot Bitcoin ETFs. In December, both the SFC and the Hong Kong Monetary Authority announced they would accept applications for virtual asset spot ETFs. They also provided standards of conduct for intermediaries looking to distribute these funds.
#Write2Earn #ETFDecision #HongKong $BTC $BNB $ETH
**Hong Kong's Regulatory Shift on Cryptocurrency Spot ETFs**: The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have jointly issued circulars indicating their readiness to accept applications for cryptocurrency spot ETFs. These circulars lay out the requirements for fund managers to offer cryptocurrency spot ETFs, including the need for a government license, reflecting an index based on trading volume on major cryptocurrency exchanges, and using government-licensed custody services. Prior consultation with the SFC is also required if the cryptocurrency exposure proportion of net asset value is more than 10%. This move represents a shift in Hong Kong's regulatory stance on cryptocurrency ETFs. 🇭🇰💼 #HongKong #CryptocurrencyETF #Regulation
🚨 The Hong Kong Securities and Futures Commission (SFC) adds HOUNAX to its list of unlicensed cryptocurrency platforms, cautioning that Hounax is potentially attracting Hong Kong individual investors under the guise of a cryptocurrency exchange. #CryptoRegulation #HongKong 🇭🇰💼📢
Assets Managed by Bitcoin ETF in Hong Kong Reach Over $100 Million!
CSOP Asset Management announced that the assets managed by the CSOP Bitcoin Futures ETF in Hong Kong have surpassed $100 million, experiencing a fivefold increase in the last five months as local investors follow the crypto rally.Alessandro Zhu attributed the high demand to the approval and launch of spot Bitcoin ETFs in the United States.The daily average trading volume of the CSOP Bitcoin Futures ETF reached $2.8 million, representing a 188% increase compared to the previous year ($0.97 million).
The amount of assets managed by the Bitcoin Futures ETF in Hong Kong has reached $100 million, indicating increasing interest in Hong Kong!
Bitcoin ETF in Hong Kong Records Significant Inflows
The managed assets of Hong Kong’s largest Bitcoin futures exchange-traded fund (ETF) have surpassed $100 million, experiencing a 500% increase since October 2023.
CSOP Asset Management, a Hong Kong-based capital market company, revealed in an interview with Reuters that the assets of its exchange-traded product, CSOP Bitcoin Futures ETF, have surpassed $100 million, increasing fivefold in the last five months as local investors follow the crypto rally.
Alessandro Zhu, Vice President overseeing crypto products at CSOP Asset Management, attributed the high demand to the approval and launch of spot Bitcoin ETFs in the United States.
Additionally, Zhu mentioned that investors also believe in the upward pressure on Bitcoin prices due to its limited supply of 21 million BTC. The largest cryptocurrency by market capitalization has already surpassed Hong Kong shares.
As the trading volume increased, the CSOP Bitcoin Futures ETF’s daily average trading volume reached $2.8 million, representing a 188% increase compared to the previous year ($0.97 million).
Hong Kong Remains Attractive in Crypto Space
Hong Kong continues to be an attractive hub for crypto-related activities as financial institutions turn their focus to the city. According to COINOTAG, Harvest Fund Hong Kong has applied for a spot Bitcoin ETF with the Hong Kong Securities and Futures Commission, reflecting local authorities’ willingness to approve spot crypto ETFs.
Additionally, it was reported that Harvest Global Investments, a subsidiary of Harvest Fund, held discussions with the Hong Kong Monetary Authority about stablecoin trials planned within regulatory sandboxes.
$BTC #BTC #HongKong
The amount of assets managed by the Bitcoin Futures ETF in Hong Kong has reached $100 million, indicating increasing interest in Hong Kong!
Bitcoin ETF in Hong Kong Records Significant Inflows
The managed assets of Hong Kong’s largest Bitcoin futures exchange-traded fund (ETF) have surpassed $100 million, experiencing a 500% increase since October 2023.
CSOP Asset Management, a Hong Kong-based capital market company, revealed in an interview with Reuters that the assets of its exchange-traded product, CSOP Bitcoin Futures ETF, have surpassed $100 million, increasing fivefold in the last five months as local investors follow the crypto rally.
Alessandro Zhu, Vice President overseeing crypto products at CSOP Asset Management, attributed the high demand to the approval and launch of spot Bitcoin ETFs in the United States.
Additionally, Zhu mentioned that investors also believe in the upward pressure on Bitcoin prices due to its limited supply of 21 million BTC. The largest cryptocurrency by market capitalization has already surpassed Hong Kong shares.
As the trading volume increased, the CSOP Bitcoin Futures ETF’s daily average trading volume reached $2.8 million, representing a 188% increase compared to the previous year ($0.97 million).
Hong Kong Remains Attractive in Crypto Space
Hong Kong continues to be an attractive hub for crypto-related activities as financial institutions turn their focus to the city. According to COINOTAG, Harvest Fund Hong Kong has applied for a spot Bitcoin ETF with the Hong Kong Securities and Futures Commission, reflecting local authorities’ willingness to approve spot crypto ETFs.
Additionally, it was reported that Harvest Global Investments, a subsidiary of Harvest Fund, held discussions with the Hong Kong Monetary Authority about stablecoin trials planned within regulatory sandboxes.
$BTC #BTC #HongKong
🤑𝙂𝙀𝙏 𝙁𝙍𝙀𝙀 𝙍𝙀𝙒𝘼𝙍𝘿 𝙐𝙋𝙏𝙊 8$ 𝙐𝙎𝘿𝙏 𝘼𝙉𝘿 𝙋𝙀𝙋𝙀 𝘾𝙊𝙄𝙉𝙎 𝙁𝙍𝙊𝙈 𝙈𝙔 𝙏𝙒𝙊 📌 𝙋𝙄𝙉𝙉𝙀𝘿 𝙋𝙊𝙎𝙏𝙎💰🤑💸
#HongKong launched the world's first spot #Bitcoin and #Ethereum ETFs, beating the US. Regulatory concerns in the US regarding Ether as a security didn't affect Hong Kong as they have their own classification system. This makes Hong Kong a leader in crypto #ETF offerings, with three firms launching their products today.#cryptoniteuae
#HongKong launched the world's first spot #Bitcoin and #Ethereum ETFs, beating the US. Regulatory concerns in the US regarding Ether as a security didn't affect Hong Kong as they have their own classification system. This makes Hong Kong a leader in crypto #ETF offerings, with three firms launching their products today.#cryptoniteuae
BREAKING BULLISH NEWS, more bullish than the U.S. ETF noise.
Hong Kong’s financial regulator has published guidelines for the approval of BOTH “in-kind” and “cash creates” Spot #Bitcoin ETFs! 👇
This is arguably MORE bullish than the US ETFs, as most of the volume in #crypto comes from the Asian markets.
2. And secondly, the approval of “in-kind” refers to the buyers being able to redeem the ETFs for the actual underlying asset of #Bitcoin
This will add to the fact that exchange reserves for
are dropping, both long-term and short-term buyers are accumulating, and that after the halving, we will have much less #Bitcoin available per day in market.
So what does this mean?
In summary, supply will drop DRASTICALLY and demand will INCREASE.
All of these factors are incredibly bullish, and increase the probability of a super cycle in 2024!
Good luck and follow me for more news, content, trends and even signals in the future😅.
$BTC #BitcoinETFs! #bullish #HongKong #Regulations
This is arguably MORE bullish than the US ETFs, as most of the volume in #crypto comes from the Asian markets.
2. And secondly, the approval of “in-kind” refers to the buyers being able to redeem the ETFs for the actual underlying asset of #Bitcoin
This will add to the fact that exchange reserves for
are dropping, both long-term and short-term buyers are accumulating, and that after the halving, we will have much less #Bitcoin available per day in market.
So what does this mean?
In summary, supply will drop DRASTICALLY and demand will INCREASE.
All of these factors are incredibly bullish, and increase the probability of a super cycle in 2024!
Good luck and follow me for more news, content, trends and even signals in the future😅.
$BTC #BitcoinETFs! #bullish #HongKong #Regulations
Brian Chan, the group head of investment and products at VSFG, disclosed that the team is actively engaged in discussions with the Securities and Futures Commission (SFC) of Hong Kong to bring the Bitcoin ETF to reality.
While the target launch month is May, the team remains flexible, considering a June launch as a fallback option to deal with potential regulatory hurdles.
#ETFs✅ #HongKong #BTChaving2024
While the target launch month is May, the team remains flexible, considering a June launch as a fallback option to deal with potential regulatory hurdles.
#ETFs✅ #HongKong #BTChaving2024
They are saying that the #HongKong #SpotBitcoinETF is a ''sell the news'' event.
Just like the US Spot #BitcoinETF also was ''sell the news''?
Just like the US Spot #BitcoinETF also was ''sell the news''?
🤑𝙂𝙀𝙏 𝙁𝙍𝙀𝙀 𝙍𝙀𝙒𝘼𝙍𝘿 𝙐𝙋𝙏𝙊 8$ 𝙐𝙎𝘿𝙏 𝘼𝙉𝘿 𝙋𝙀𝙋𝙀 𝘾𝙊𝙄𝙉𝙎 𝙁𝙍𝙊𝙈 𝙈𝙔 𝙏𝙒𝙊 📌 𝙋𝙄𝙉𝙉𝙀𝘿 𝙋𝙊𝙎𝙏𝙎💰🤑💸
#HongKong launched the world's first spot #Bitcoin and #Ethereum ETFs, beating the US. Regulatory concerns in the US regarding Ether as a security didn't affect Hong Kong as they have their own classification system. This makes Hong Kong a leader in crypto #ETF offerings, with three firms launching their products today.#cryptoniteuae
#HongKong launched the world's first spot #Bitcoin and #Ethereum ETFs, beating the US. Regulatory concerns in the US regarding Ether as a security didn't affect Hong Kong as they have their own classification system. This makes Hong Kong a leader in crypto #ETF offerings, with three firms launching their products today.#cryptoniteuae
**🇭🇰 Hong Kong Eyes Real Asset Tokenization**: The Hong Kong Financial Development Board, in collaboration with British investment advisory firm Oxford Metrica, predicts the launch of more real asset tokenization products in Hong Kong's future. The report highlights Hong Kong's leading position in virtual asset development and suggests the city actively leverage its status as a global financial hub to attract virtual asset companies and investors. It emphasizes the present opportunity to develop the virtual asset market in Hong Kong, given the lack of regulatory clarity in other countries. 🌐🏦 #HongKong #AssetTokenization
🤑𝙂𝙀𝙏 𝙁𝙍𝙀𝙀 𝙍𝙀𝙒𝘼𝙍𝘿 𝙐𝙋𝙏𝙊 8$ 𝙐𝙎𝘿𝙏 𝘼𝙉𝘿 𝙋𝙀𝙋𝙀 𝘾𝙊𝙄𝙉𝙎 𝙁𝙍𝙊𝙈 𝙈𝙔 𝙏𝙒𝙊 📌 𝙋𝙄𝙉𝙉𝙀𝘿 𝙋𝙊𝙎𝙏𝙎💰🤑💸
#HongKong launched the world's first spot #Bitcoin and #Ethereum ETFs, beating the US. Regulatory concerns in the US regarding Ether as a security didn't affect Hong Kong as they have their own classification system. This makes Hong Kong a leader in crypto #ETF offerings, with three firms launching their products today.#cryptoniteuae
#HongKong launched the world's first spot #Bitcoin and #Ethereum ETFs, beating the US. Regulatory concerns in the US regarding Ether as a security didn't affect Hong Kong as they have their own classification system. This makes Hong Kong a leader in crypto #ETF offerings, with three firms launching their products today.#cryptoniteuae
Gm. 👀
BREAKING: Hong Kong just approved spot #Bitcoin ETFs. 🇭🇰 $BTC $ETH
#BullorBear #bitcoinhalving #HongKong #BTC🔥🔥🔥🔥🔥🔥
BREAKING: Hong Kong just approved spot #Bitcoin ETFs. 🇭🇰 $BTC $ETH
#BullorBear #bitcoinhalving #HongKong #BTC🔥🔥🔥🔥🔥🔥
🔥 Hong Kong To List Bitcoin and Ether ETFs in April
Hong Kong is poised to introduce a series of cryptocurrency exchange-traded funds (ETFs), taking a cue from the United States’ efforts. Hong Kong wants its tier 1 level cities to progress in establishing itself as a digital asset hub.
Several leading asset managers in China are in the final stages of preparations to launch spot-Bitcoin and Ether ETFs and they are anticipated to start trading by the end of April.
These developments are Hong Kong’s ongoing efforts to position itself as a regulated centre for virtual assets, part of its broader strategy to create its image as a modern financial hub following recent challenges.
The forthcoming ETFs are expected to draw interest from various quarters including Chinese investors with wealth invested in Hong Kong as well as crypto exchanges and market participants active in the Asia-Pacific region. Analysts project that these funds could accumulate around $1 billion in assets under management over a two-year period.
However, it’s worth noting that the US has already witnessed success with Bitcoin funds offered by major players like BlackRock Inc. and Fidelity Investments which has garnered significant global attention and investment.
In comparison, the Hong Kong-based issuers such as Harvest Global Investments Ltd, the local unit of China Asset Management and a partnership between HashKey Capital Ltd. and Bosera Asset Management (International) Co.
Hong Kong’s regulatory landscape offers some distinctions. While the US Securities & Exchange Commission recently permitted ETFs directly investing in Bitcoin, it remains cautious toward the crypto market, especially in light of past market volatility and incidents of fraud. Conversely, Hong Kong has granted initial approval for spot-Bitcoin and Ether funds.
Additionally, the proposed ETFs in Hong Kong will be operating on an in-kind subscription and redemption mechanism, enabling the exchange of underlying assets for #ETF units unlike the cash redemption model adopted by US funds.
$BTC $ETH #BTC #ETH #HongKong
Hong Kong is poised to introduce a series of cryptocurrency exchange-traded funds (ETFs), taking a cue from the United States’ efforts. Hong Kong wants its tier 1 level cities to progress in establishing itself as a digital asset hub.
Several leading asset managers in China are in the final stages of preparations to launch spot-Bitcoin and Ether ETFs and they are anticipated to start trading by the end of April.
These developments are Hong Kong’s ongoing efforts to position itself as a regulated centre for virtual assets, part of its broader strategy to create its image as a modern financial hub following recent challenges.
The forthcoming ETFs are expected to draw interest from various quarters including Chinese investors with wealth invested in Hong Kong as well as crypto exchanges and market participants active in the Asia-Pacific region. Analysts project that these funds could accumulate around $1 billion in assets under management over a two-year period.
However, it’s worth noting that the US has already witnessed success with Bitcoin funds offered by major players like BlackRock Inc. and Fidelity Investments which has garnered significant global attention and investment.
In comparison, the Hong Kong-based issuers such as Harvest Global Investments Ltd, the local unit of China Asset Management and a partnership between HashKey Capital Ltd. and Bosera Asset Management (International) Co.
Hong Kong’s regulatory landscape offers some distinctions. While the US Securities & Exchange Commission recently permitted ETFs directly investing in Bitcoin, it remains cautious toward the crypto market, especially in light of past market volatility and incidents of fraud. Conversely, Hong Kong has granted initial approval for spot-Bitcoin and Ether funds.
Additionally, the proposed ETFs in Hong Kong will be operating on an in-kind subscription and redemption mechanism, enabling the exchange of underlying assets for #ETF units unlike the cash redemption model adopted by US funds.
$BTC $ETH #BTC #ETH #HongKong
🤑𝙂𝙀𝙏 𝙁𝙍𝙀𝙀 𝙍𝙀𝙒𝘼𝙍𝘿 𝙐𝙋𝙏𝙊 8$ 𝙐𝙎𝘿𝙏 𝘼𝙉𝘿 𝙋𝙀𝙋𝙀 𝘾𝙊𝙄𝙉𝙎 𝙁𝙍𝙊𝙈 𝙈𝙔 𝙏𝙒𝙊 📌 𝙋𝙄𝙉𝙉𝙀𝘿 𝙋𝙊𝙎𝙏𝙎💰🤑💸
#HongKong launched the world's first spot #Bitcoin and #Ethereum ETFs, beating the US. Regulatory concerns in the US regarding Ether as a security didn't affect Hong Kong as they have their own classification system. This makes Hong Kong a leader in crypto #ETF offerings, with three firms launching their products today.#cryptoniteuae
#HongKong launched the world's first spot #Bitcoin and #Ethereum ETFs, beating the US. Regulatory concerns in the US regarding Ether as a security didn't affect Hong Kong as they have their own classification system. This makes Hong Kong a leader in crypto #ETF offerings, with three firms launching their products today.#cryptoniteuae
HSBC Launches Blockchain Gold Tokens in Hong Kong
HSBC has just launched a groundbreaking gold tokenization product for retail investors in Hong Kong, in collaboration with Swiss crypto specialist Metaco. This move marks a significant step in blending traditional finance with modern blockchain technology, offering a new, secure way to invest in gold.
Key Highlights:
First of its kind in Hong Kong by a major bank.Makes investing in gold more accessible and efficient.Partnership with crypto custody expert, Metaco.
This innovation opens up fresh investment opportunities and could lead the way for more blockchain-based financial products. Stay updated on how this transforms the investment scene!
#HSBC #BlockchainCommunity #GoldTokens #HongKong #InvestingJourney
Key Highlights:
First of its kind in Hong Kong by a major bank.Makes investing in gold more accessible and efficient.Partnership with crypto custody expert, Metaco.
This innovation opens up fresh investment opportunities and could lead the way for more blockchain-based financial products. Stay updated on how this transforms the investment scene!
#HSBC #BlockchainCommunity #GoldTokens #HongKong #InvestingJourney
🇭🇰 Xu Zhengyu, Governor of the Hong Kong Monetary Authority, announced during Hong Kong Fintech Week that they intend to broaden the regulatory framework for cryptocurrencies, extending oversight to the OTC trading market. Additionally, the Hong Kong Securities and Futures Commission (SFC) plans to issue guidance on asset tokenization brokerage. #HongKong #CryptoRegulation 🏦📊🚀
🚀🇭🇰 Exciting news from Hong Kong! With the adoption of ETFs, especially the approval of its first Bitcoin ETF, set to launch as early as the 15th of this month, many are wondering: Will A-share investors rush in to take over? 🤔💼
This move marks a significant milestone in the crypto world, opening up new avenues for investors to enter the market and gain exposure to Bitcoin through regulated and traditional investment channels. 📈💰
With the allure of ETFs, A-share investors may indeed be tempted to dive into the world of cryptocurrencies, seeking to capitalize on this innovative investment opportunity. 🌟💼
Only time will tell how this development will impact the crypto landscape, but one thing's for sure: the future of digital assets looks brighter than ever in Hong Kong! 🌟🚀 #BitcoinETF #HongKong #CryptoInvesting 🇭🇰
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This move marks a significant milestone in the crypto world, opening up new avenues for investors to enter the market and gain exposure to Bitcoin through regulated and traditional investment channels. 📈💰
With the allure of ETFs, A-share investors may indeed be tempted to dive into the world of cryptocurrencies, seeking to capitalize on this innovative investment opportunity. 🌟💼
Only time will tell how this development will impact the crypto landscape, but one thing's for sure: the future of digital assets looks brighter than ever in Hong Kong! 🌟🚀 #BitcoinETF #HongKong #CryptoInvesting 🇭🇰
Follow | Like ❤️ | Quote 🔄 | Comment🙏