Hong Kong about to allow Bitcoin ETFs, top Bloomberg expert reveals when and how
in the second quarter of 2024. This decision may set Hong Kong apart from the United States, where such transactions are strictly cash-based. Balchunas predicts that this shift could ignite a surge in assets under management and trading volumes in the rapidly expanding Asian region.Backing Balchunas' assertion is the research conducted by another leading ETF expert, Rebecca Sin.
Looks like Hong Kong is going to allow in-kind creations and redemptions for spot bitcoin ETFs in 2Q , which could help spark aum and volume in the fast-growing region via new note today fromThe introduction of a spot Bitcoin ETF in Hong Kong holds immense potential, given the exponential growth witnessed on the U.S. market, which now boasts $62 billion in ETFs. Unlike the U.S.
Moreover, earlier, news spread that approximately 10 financial institutions are gearing up to apply for the launch of spot Bitcoin ETFs in Hong Kong, with discussions underway regarding the possibility of spot Ethereum ETFs. Venture Smart Financial Holdings and Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Spectral Launches Syntax, an LLM Enabling Web3 Users to Build Autonomous Agents and Deploy Onchain Products
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