Asia's first spot bitcoin and ether ETFs gain in Hong Kong debut

Third teenager charged with second-degree murder | SaltWire #newsupdate #news #halifax #policeHONG KONG -Six spot bitcoin and ether exchange traded funds gained in their Hong Kong debut on Tuesday, with the three bitcoin ETFs climbing more than 3% in early trade, reflecting Asian investor enthusiasm for cryptocurrencies.

Christina Choi, an executive director of the Securities and Futures Commission , hailed the product debut as a milestone in Hong Kong's ETF market, but also flagged risks. Such an option should be appealing to investors as token owners"may consider the benefit of holding through the ETFs without the cost of first converting to fiat ," said Robert Zhan, risk consulting director at KPMG China.

Some analysts expect the majority of initial inflow will come from local retail investors given the cost concerns.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong to Launch Spot Bitcoin ETFs, Becoming Asia's First CityHong Kong is set to become Asia's first city to offer spot bitcoin exchange-traded funds (ETFs), with approvals expected to be announced next week. This move is aimed at improving the city's attractiveness for financial trading and could bring in fresh global investment and push crypto adoption to new heights.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Hong Kong Gives Initial Approval for Spot-Bitcoin and Ether ETFsHong Kong gave initial approvals for asset managers to launch spot-Bitcoin and Ether exchange-traded funds, a development that boosted both digital assets as well as the wider crypto market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Bitcoin, Ethereum ETFs: Will Hong Kong get an edge with new approvals?Hong Kong has approved spot BTC and ETH ETFs. This is sidestepping the US, whose ETH ETFs May approval still hangs in the balance.
Source: CryptoAmb - 🏆 22. / 68 Read more »