Hong Kong Bitcoin ETFs Hit HK$2B, Led by OSL
For Hong Kong to effectively compete globally, it must attract larger inflows and increase engagement from retail and institutional investors. Hong Kong’s growing cryptocurrency investment scene has hit a notable milestone, with the total asset management scale of the city’s Bitcoin exchange-traded funds (ETFs) now exceeding HK$2 billion ($256 million). This milestone highlights the increasing […]
First leveraged MicroStrategy ETF Debuts in US
The ETF might provide more leveraged exposure to Bitcoin, particularly for institutional investors trying to diversify their holdings. The first Bitcoin-related leveraged exchange-traded fund (ETF) has launched in the United States, marking a significant milestone in institutional cryptocurrency adoption. The new leveraged MicroStrategy ETF, MSTX, aims to provide 175% long daily exposure to MicroStrategy. Sylvia […]
Mox Bank Launches Crypto Exchange-traded Fund Trading
Mox Bank, a Hong Kong-based virtual bank, has launched crypto exchange-traded fund (ETF) trading for its clients and is considering spot trading options. Mox, a virtual bank subsidiary of Standard Chartered, announced the launch of a crypto ETF service on August 7. This made it the first bank to offer direct trading of spot Bitcoin […]
ASIC Warns of Bitcoin ETF Risks
Prior to the introduction of Bitcoin ETFs on the Australian Stock Exchange (ASX), Australia’s securities authority sent out a warning to investors. According to a local newspaper, an Australian Securities and Investments Commission (ASIC) representative has cautioned about the risks associated with cryptocurrencies as the nation’s first spot Bitcoin exchange-traded fund (ETF) received approval from […]
Bloomberg Analyst: Spot Ethereum ETFs may trade by July 2
Bloomberg ETF analyst Eric Balchunas says his “best guess as of now” is that spot Ethereum ETFs will start trading in the US before July 2. Eric Balchunas , a Bloomberg ETF analyst, has indicated that spot Ethereum exchange-traded funds (ETFs) may commence trading in the United States by July 2. “We are moving up […]