Kraken’s Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: Bloomberg
CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.
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CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs.
Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve.
Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.
Zhu Haokang is head of digital asset management and family wealth at one of the ETF providers, ChinaAMC.
One of the issuers waived management fees for the first six months, undercutting rival offerings.
Hong Kong could approve approve spot bitcoin (BTC) and ether (ETH) exchange-traded funds as early as Monday, Bloomberg said, citing two people familiar with the matter.
HashKey and the Foundation are focussing their partnership on Hong Kong in the first phase.
Singapore-based Matrixport expects mainland Chinese investors to move billions into potential Hong Kong-listed spot BTC ETFs through the Stock Connect program.
Massive demand for a China-listed gold ETF sent its premium soaring to 30% earlier this week.
Last year, regulators in Japan and Germany also alerted consumers the exchange was unlicensed.