New spot ETFs in Hong Kong could significantly boost Bitcoin, Ethereum, and XRP prices. Regulatory challenges persist in Mainland China, potentially limiting participation in these ETFs. Recent Forbes coverage reveals an impending surge in Bitcoin, Ethereum, and XRP prices, driven by the launch of new spot ETFs in Hong Kong. Leading firms like Bosera Capital,…
In a groundbreaking move set to redefine Hong Kong’s financial landscape, OSL Digital Securities has been appointed as the inaugural virtual asset trading and sub-custodian partner by China Asset Management (Hong Kong) (“ChinaAMC (HK)”). This strategic collaboration paves the way for the approval and launch of ChinaAMC’s first-ever spot *BTC*/*ETH* Exchange-Traded Funds (ETFs) in Hong…
Bitcoin and Ether spot exchange-traded funds (ETFs) are set to receive the final approvals in Hong Kong as early as Monday next week. According to a recent Matrixport report, these investment products could unlock up to $25 billion in demand from Chinese investors through the Southbound Stock Connect program. However, the latest revelations and clarifications…
Hong Kong to launch Bitcoin Spot ETFs with substantial Chinese funding, signaling the rise of digital assets in traditional finance. Anticipation grows over Bitcoin’s potential to reach $100,000 in the second quarter of 2024. Following the footsteps of the U.S. Securities and Exchange Commission (SEC), which previously approved Bitcoin Spot ETFs, Hong Kong is poised…
China’s financial giants Harvest Fund and Southern Fund have recently filed applications to launch a new spot Bitcoin ETF, according to local media outlet Securities Times. Harvest Fund And Southern Fund Spearhead Bitcoin ETF Push In China Despite China’s historical skepticism towards Bitcoin and cryptocurrencies, leading funds are now actively seeking regulatory approval to launch…
Chinese mainland-based equity funds are reported to have filed applications to introduce spot Bitcoin exchange-traded funds (ETFs) through their Hong Kong subsidiaries. The development comes amid a month-long surge in crypto prices and heightened efforts by Hong Kong to establish itself as a global fintech hub. China Equity Funds Apply for Bitcoin ETFs According to…
● Sui (SUI) incorporated its new GraphQL RPC service into SxT’s blockchain index, offering developers easy and secure access to Sui data. Despite a recent plunge in value to $1.23, experts project that SUI will surge to $1.68 by April’s end and $2.50 by mid-2024. ● HashKey Group partnered with The Open Network (TON) to…
Kadan Stadelmann, the Chief Technology Officer (CTO) of Komodo, an open-source technology workshop, has raised concerns about the increasing centralization of the world’s largest cryptocurrency, Bitcoin. Stadelmann asserts that the rising centralization poses a threat to the fundamental principle of BTC as a decentralized digital currency. Centralization Poses Existential Threat To Bitcoin According to Stadelmann, a…
While talking about the monetary policies undertaken by the US government as well as other economic giants like China and Japan, BitMEX’s co-founder, Arthur Hayes, highlighted Bitcoin as the only suitable solution in times of expanding central banking balance sheets. He made these comments during the current Token2049 conference in Dubai. Hayes began by asserting…
Ernst & Young launches the OpsChain Contract Manager utilizing Polygon PoS, aiming for enhanced contract management efficiency and cost-effectiveness. The crypto market shows diverse investment opportunities with varying levels of risk and potential return, with specific altcoins highlighted for significant potential gains. Ernst & Young Global Limited, commonly known as EY, is a global leader…