The SFC mentioned in the circular that it was “ready to accept applications for virtual asset spot ETFs.” The head of securities product development of the Hong Kong Stock Exchange expressed his readiness to seize the opportunities brought by thematic investment and smoothly introduce new products to the Hong Kong ETF market.
JinseFinanceAfter many reversals and mistakes, the Bitcoin Spot ETF was finally approved by the U.S. Securities and Exchange Commission.
JinseFinanceIf the ETF is approved, only time will tell whether $1 billion to $2.4 billion will flow into the ETF as expected.
JinseFinanceTransparency regarding on-chain proof remains pivotal for the approval of spot Bitcoin ETFs. Despite the anticipation for approval, the lack of verifiable on-chain proofs from existing applicants raises skepticism. ETF issuers emphasizing genuine Bitcoin holdings may bolster trust. However, security concerns and fee competitions complicate the landscape. The SEC's expected decision by January 10 carries significant weight, although the possibility of rejection due to regulatory deliberations remains a concern.
Huang BoCryptocurrency highlights: Bitcoin nears $45,000 on ETF hopes. Kyrgyzstan's $883,000 crypto taxes. Phishing scams hit 324,000 users, losing $295M assets. MicroStrategy's bullish Bitcoin stance, Vaneck's ETF impact predictions, and long-term holder accumulation trends in 2023.
Xu LinThe SEC sets a Dec. 29 deadline for Bitcoin ETF applicants, with first approvals expected in early January.
BrianHong Kong, embracing a crypto-friendly stance, may pioneer in launching Bitcoin spot ETFs in Asia, influenced by the U.S. and backed by a robust regulatory framework.
AlexApproval of BlackRock's Bitcoin ETF could reshape crypto, attracting institutional capital while introducing risks like regulatory hurdles and market volatility. A pivotal moment awaits in 2024.
SanyaSamsung said that the listing of the ‘Samsung Bitcoin Futures Active ETF’ on the Hong Kong stock market would take place on January 13.
FinboldTwo ETF issuers filed two new and innovative applications for an inverse fund and a leveraged fund.
Cointelegraph