Rollout of spot bitcoin and ether exchange traded funds follows launch of similar products in US by BlackRock and Fidelity
Hong Kong’s first spot cryptocurrency exchange traded funds started trading on Tuesday, as the Asian financial hub takes on the US in the race to dominate the growing market. The rollout follows the launch of similar products in the US by groups including BlackRock and Fidelity Investments in January, which have drawn billions of dollars of investment and helped push the price of bitcoin to a record high of more than $73,000 in March.
In January, the US Securities and Exchange Commission approved the country’s first spot bitcoin ETFs. BlackRock’s iShares Bitcoin Trust has more than $17bn in assets under management, according to Bloomberg data, buoyed by billions of dollars in net inflows and sharp gains in digital asset prices this year. The 11 US-based spot bitcoin ETFs have drawn about $12bn in total net inflows since their launch, according to London-based Farside Investors.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hong Kong Transgender Activist Henry Tse Receives New ID Card After Yearslong BattleActivist Henry Tse, who won an appeal to change the gender on his ID card, poses with a mock ID card outside the immigration tower after receiving the new document in Hong Kong, Monday, April. 29,. 2024
Weiterlesen »
Hong Kong, China and a footballing dilemmaHong Kong, China and a footballing dilemma
Weiterlesen »
Hong Kong dissident suspects Chinese agents tracked and monitored him in LondonSimon Cheng fears pro-Chinese Communist Party activists traced him to the heart of London's legal quarter
Weiterlesen »
Newcastle United official announcement - Hong Kong Soccer Sevens detailsThe Mag
Weiterlesen »
Exhibition on the ‘silencing’ of Hong Kong’s youth comes to ManchesterArtist Martin Lever’s latest collection is a commentary on freedom of expression in today’s Hong Kong
Weiterlesen »
Hong Kong digital assets exchange warns over viability of city’s new crypto rulesLicensed trading facility looks overseas as 24 companies vie for regulatory approval
Weiterlesen »