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Hong Kong is poised to become a leader with its new spot Bitcoin and Ether Exchange Traded Funds (ETFs), but how can they fare up against their US peers which have drawn more than $28 billion in the first three months?
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On April 15, Hong Kong took a significant step towards becoming a crypto hub after approving the first spot Bitcoin and Ethereum exchange-traded funds (ETFs). However, an ETF analyst, Eric Balchunas, is pouring cold water on the excitement palpable across the crypto scene.
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Hong Kong is on the cusp of approving its first spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) with potential final approvals as early as Monday, according to Bloomberg, citing two people familiar with the matter.
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The team behind Filecoin’s staking platform STFIL claims that they are under investigation by Chinese police.
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China has unveiled plans for a blockchain infrastructure project aimed at bolstering trade and economic ties across continents.
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Cryptocurrency investors in China have defied government restrictions to emerge as the fourth-largest earners globally in 2023, according to a report by blockchain research firm Chainalysis.
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Blockchain technology emerged in the spotlight at the “Two Sessions” event, a prominent annual gathering of China’s political and industry leaders in Beijing. At this event, National People’s Congress (NPC) member Dong Jin proposed expediting this technology’s development nationwide.
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In a groundbreaking development for the crypto sector in Hong Kong, Harvest Fund Hong Kong, a prominent player among China’s fund companies, has taken a huge step by submitting an application for a Bitcoin spot Exchange Traded Fund (ETF) to the Hong Kong Securities and Futures Commission (SFC).
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