Asia's first spot bitcoin and ether ETFs debut in Hong Kong
Publishing timestamp: 2024-04-30 03:59:31
Summary
Hong Kong launches six spot bitcoin and ether exchange traded funds, becoming the first in Asia to offer retail investors the ability to trade cryptocurrencies at spot prices. The move is seen as positive for Hong Kong markets, with potential for growth in the region. Regulatory approval for spot crypto ETFs has been received, with futures ETFs already trading on HKEX. Executives highlight the potential for institutional and retail investors to enter the regulated market, but the question remains on how fast demand for such products will grow.
Sentiment: MIXED
Keywords: business news, asia economy, debt and bond markets, stock markets, south asia, hong kong, asia news, forex markets, currency markets, ethereum/usd coin metrics, india, bitcoin/usd coin metrics, east asia, china,
Source: https://www.cnbc.com/2024/04/30/asias-first-spot-bitcoin-and-ether-etfs-debut-in-hong-kong.html