Hong Kong Securities and Futures Commission (SFC) has approved three spot Bitcoin and Ethereum exchange-traded funds (ETFs) that will start trading on April 30. According to a recent social media post by Bloomberg Intelligence ETF analyst James Seyffart, the issuers of the ETFs have revealed their fees, including one as low as 0.3% after a…
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Prior to the Bitcoin Halving event, BTC’s price saw considerable instability, but it has since rebounded, reaching the $66,000 level, triggering bullish predictions from top crypto analysts regarding the coin’s future path. Captain Faibik, a crytocurrency analyst and trader, has emerged with an intriguing prediction, underscoring a narrative that could potentially propel the price of…
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Per the Securities and Futures Commission (SFC) of Hong Kong, the region’s newly authorized spot bitcoin and ethereum exchange-traded funds (ETFs) are set to commence trading on Tuesday, April 30, 2024. Anticipation Builds for the Rollout of Bitcoin and Ethereum ETFs in Hong Kong Recently, the SFC of Hong Kong announced its approval for several…
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The Hong Kong Securities & Futures Professionals Association (HKSFPA) advocated establishing a self-regulatory committee within the city’s crypto firms to enhance compliance monitoring on April 22. “Many economically developed regions in the world have established statutory semi-official industry self-regulatory institutions to focus on industry development,” Hong Kong regulators wrote. HKSFPA Calls for Industry-Led Licensing Authority…
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Hong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious activities such as abnormally frequent large transactions in accounts with no clear financial backgrounds. The suspects, who did not know each other, allegedly…
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HSBC, one of the world’s largest banking services, intends to broaden its array of tokenized assets. CEO Noel Quinn said the bank will ensure these offerings are firmly anchored in reality, the South China Morning Post reported Monday. However, the bank intends to steer clear of volatile cryptocurrencies in tokenizing assets. During a roundtable discussion…
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Hong Kong Securities and Futures Commission (SFC) has just approved first spot Bitcoin and Ethereum exchange-traded funds (ETFs). Several official announcements have confirmed the approvals, including those submitted by China Asset Management Co. (China AMC), Harvest Global Investments, and Bosera International and HashKey Capital. First Bitcoin ETF Issuers in Hong Kong According to the post…
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A recent report indicates that spot bitcoin exchange-traded funds (ETFs) are poised to receive approval from Hong Kong regulators as early as this Monday, as stated by “people familiar with the matter.” Harvest, Hashkey and Bosera ETFs Likely to Debut in Hong Kong Next Week Following the approval of 11 spot bitcoin ETFs in the…
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HashKey CEO Livio Weng criticized Hong Kong’s recent regulations around crypto trading, expressing concerns that they may impede access for international clients. Hong Kong’s regulatory framework mandated that all crypto exchanges operating within the city must submit applications for regulatory approval by February this year. In response, 24 companies, including prominent players such as Bybit,…
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In a recent analysis, Stanislas Bernard, the founder of Sinz 21st.Capital, delved into the complexities surrounding Hong Kong’s consideration to approve spot Bitcoin ETFs against the backdrop of China’s escalating economic crisis. With the nation grappling with a record debt-to-GDP ratio of 288% in 2023, and witnessing one of the most severe housing market collapses…
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