bitcoin
Bitcoin (BTC) $ 51,582.82
ethereum
Ethereum (ETH) $ 3,021.69
tether
Tether (USDT) $ 0.999746
bnb
BNB (BNB) $ 378.95
usd-coin
USDC (USDC) $ 0.999823
xrp
XRP (XRP) $ 0.54529
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.086072
cardano
Cardano (ADA) $ 0.59578
solana
Solana (SOL) $ 103.24
matic-network
Polygon (MATIC) $ 0.981926
polkadot
Polkadot (DOT) $ 7.75
tron
TRON (TRX) $ 0.137677
Sunday, February 25, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,582.82
    ethereum
    Ethereum (ETH) $ 3,021.69
    tether
    Tether (USDT) $ 0.999746
    bnb
    BNB (BNB) $ 378.95
    usd-coin
    USDC (USDC) $ 0.999823
    xrp
    XRP (XRP) $ 0.54529
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.086072
    cardano
    Cardano (ADA) $ 0.59578
    solana
    Solana (SOL) $ 103.24
    matic-network
    Polygon (MATIC) $ 0.981926
    polkadot
    Polkadot (DOT) $ 7.75
    tron
    TRON (TRX) $ 0.137677

    About 10 Fund Firms Getting ready to Launch Spot Crypto ETFs in Hong Kong: HashKey Group

    -

    -Advertisment-

    Disclosure: Crypto is a high-risk asset class. This text is supplied for informational functions and doesn’t represent funding recommendation. Through the use of this web site, you comply with our phrases and situations. We might utilise affiliate hyperlinks inside our content material, and obtain fee.

    Whereas 13 Bitcoin spot ETFs await approval from the US SEC, the Chief Working Officer of HashKey Group, Livio Weng, has revealed that about ten fund corporations are at the moment making ready to launch Digital Asset Spot Trade-Traded Funds in Hong Kong.

    - Advertisement -

    Weng mentioned that seven or eight of the recognized fund corporations are already within the superior phases of launching these spot crypto ETFs, native media reported.

    This revelation comes because the area positions itself as a frontrunner in Asia by changing into the primary market to allow the itemizing of digital asset spot ETFs.

    The transfer follows the issuance of a round in December 2023 by the Hong Kong Securities and Futures Fee (SFC) and the Hong Kong Financial Authority (HKMA), saying their readiness to entertain functions for the authorization of digital asset spot ETFs.

    The regulatory atmosphere has advanced since 2018, when the SFC initially adopted a β€œprofessional-investors solely” regulatory strategy for the crypto market.

    Hong Kong’s stance on digital belongings has witnessed a notable shift, with the regulators easing restrictions and broadening investor participation. In October, the SFC up to date its rule e-book to allow a wider vary of buyers to interact in spot-crypto and ETF investing.

    Regulators Working to Permit Retail Buyers to Purchase Spot ETFs

    SFC Chief Govt Officer Julia Leung additional affirmed this development, stating that the regulator is progressing in direction of permitting retail buyers to purchase spot crypto ETFs.

    See also  XRP Worth Evaluation: A Nearer Take a look at the Current Correction

    She emphasised the regulator’s openness to progressive applied sciences that improve effectivity and buyer expertise, supplied related dangers are adequately addressed.

    The joint assertion issued by the SFC and HKMA highlighted the fast evolution of the digital asset panorama, extending its attain into mainstream finance.

    The SFC expressed its willingness to just accept functions for the authorization of different funds with publicity to digital belongings, together with VA Spot ETFs.

    -Advertisment-
    -Advertisment-
    -Advertisment-
    -Advertisment-

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    -Advertisment-

    LATEST POSTS

    Ethereum Worth Retreats From $3K However Bulls Stay In Cost

    Ethereum value spiked above the $3,000 resistance earlier than the bears appeared. ETH is correcting positive factors, however dips is likely to be restricted under...

    Pantera Capital Foresees Upcoming Surge in Cryptocurrency Market

    In an replace that has caught the eye of the asset group, Pantera Capital, a well-known American hedge fund specializing in cryptocurrencies has shared constructive...

    Ping Alternate’s hybrid chilly storage redefines requirements for crypto trade custody

    The launch of Ping Alternate indicators a possible new stage in digital property buying and selling. The hybrid platform merges sturdy safety protocols with user-focused...

    AltLayer Secures $14.4M for Rollup Tech Growth, Boosting Blockchain Scalability

    AltLayer, an progressive participant within the realm of decentralized protocols, has accomplished a strategic funding spherical, amassing $14.4 million to bolster its rollup infrastructure. This...
    -Advertisment-

    Most Popular