CryptoWatch's weekly roundup: Hong Kong introduced the first-ever spot Bitcoin and Ether ETF trading in Asia, crypto regulations 2024, and Binance's ex-CEO Changpeng Zhao's fate.
Bitcoin sank Wednesday before the US Federal Reserve s interest rate call, and after a mixed launch in Hong Kong of investment products tracking the world s top cryptocurrency and rival ether. However, Hong Kong s first spot bitcoin and ether ETFs, launched on Tuesday, received a lukewarm reception.
Hong Kong marked a milestone in its ambition to become a regional hub for virtual asset investment as it commenced trading Asia's inaugural spot bitcoin and ether exchange-traded funds (ETFs) on Tuesday.
This move follows the US, which paved the way for mainstream investors to incorporate Bitcoin into their portfolios through ETFs pegged to the cryptocurrency's spot price.
Hong Kong on Tuesday launched trading of Asia's first spot bitcoin and ether exchange-traded funds (ETFs), moving forward in the city's race to become a regional virtual asset investment hub. The debut comes three months after the United States gave the greenlight to ETFs pegged to bitcoin's spot price, making it easier for mainstream investors to add the unit to their portfolio, AFP said.
Asia s First Spot Bitcoin, Ether ETFs Start Trading In Hong Kong ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.