Hong Kong Bitcoin, Ether ETF structures revealed ahead of April 30 launch

by one of the issuers, ChinaAMC, its spot Bitcoin and Ether ETFs will track the performance of the Chicago Mercantile Exchange’s crypto indexes. Redemptions will be available in both fiat money and crypto funds. In addition, ChinaAMC’s crypto ETFs will be denominated in three currencies: the U.S. dollar, Hong Kong dollar, and Chinese yuan. Investment asset manager BOCI-Prudential and crypto exchange OSL will act as the custodians for the ETFs.

The aforementioned two firms will also custody spot Bitcoin and Ether ETF assets for issuer Harvest Global. BOCI and OSL"effectively solves problems such as excessive margin requirements, price premiums caused by missing short positions, and roll losses, thereby more accurately reflecting the real-time value of Bitcoin and Ethereum,”

Meanwhile, Hong Kong-based HashKey Capital will jointly launch its spot Bitcoin and Ether ETFs with Bosera Asset Management. Regarding the future of the crypto ETFs, its staff "The approval of the virtual asset spot ETF and the innovative introduction of a currency-holding subscription mechanism are expected to further promote the development of the virtual asset market in Hong Kong and even Asia., attracting more global capital inflows."that Hong Kong Bitcoin ETF management fees will range from 0.3% to 0.99%. This is much higher than U.S.

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 investment firm Victory Securities reveals Bitcoin and Ether ETF feesVictory Securities has established fees for its Bitcoin and Ethereum ETFs after the Hong Kong SFC approved crypto ETFs in the region.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Hong Kong spot Bitcoin ETF approval draws praise and caution from industry playersHong Kong spot Bitcoin and Ether ETFs were approved on April 15.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin, Ether Rise Amid ETF Steam in Hong Kong; Solana's Latest Update'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as bitcoin and ether briefly rose on news that multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds (ETFs).
Source: CoinDesk - 🏆 291. / 63 Read more »

Bitcoin unable to tag $67K despite Hong Kong BTC and ETH spot ETF approvalsBitcoin (BTC) price showed a bit of strength during the early hours of the Asian session.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Bitcoin (BTC), Ethereum (ETH) Rally on Hong Kong Spot ETF Approval RumorsNews sources are reporting that multiple issuers have been given approval to launch spot Bitcoin and Ethereum ETFs in Hong Kong.
Source: DailyFX - 🏆 305. / 63 Read more »

First Mover Americas: Hong Kong Spot Bitcoin ETF Applicants Claim ApprovalLyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
Source: CoinDesk - 🏆 291. / 63 Read more »