Why the Hong Kong Bitcoin ETFs Matter – Consider This:

👇1-15) Today, Hong Kong approved several spot Bitcoin ETFs and Ether ETFs managed by China Asset Management, Harvest Global, Bosera, and HashKey. While no trading date has been set, expectations are for April 30 as the first trading day. The move is largely expected, and most dismiss it as US-listed Bitcoin Futures have 35x more AUM than HK-listed ones ($5bn vs. $140m).

👇2-15) Starting in December 2023, the HKMA and SFC (central bank and securities regulator) have been accepting applications for ‘virtual asset spot’ ETFs. Therefore, the approval comes in just four months. Unlike Bitcoin ETFs in the US, these Hong Kong-listed ETFs stand out for a) including Ether and b) using in-kind redemptions, a departure from cash-only redemptions. Stamp duty for trading ETFs has been waived since 2015.

Subscribe to Premium Membership to read the rest.

Become a paying subscriber of Premium Membership to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In

A subscription gets you:
Receive concise, unrivalled informative crypto trading strategy reports (2-4x per week).
In just 10 paragraphs, unraveling the complexities and market structure of crypto and its dynamic landscape.
Insights into the intersection of crypto, regulations, macroeconomic trends, and policy shifts.
Apply to join subscriber ONLY Telegram Group. (Please read our Terms and Conditions and Disclaimer @ www.10xResearch.co))