Hong Kong’s Bitcoin and Ethereum ETFs Poised to Outshine US Counterparts on Launch Day

2024-4-30 21:05

In an exclusive report, Wu Blockchain has revealed that the issuer of the upcoming Hong Kong Bitcoin and Ethereum spot ETFs expects them to launch with a bang tomorrow.

The anticipated issuance scale of these ETFs is projected to reach $200 million to $300 million on their first day of trading. This figure dwarfs the $125 million achieved by their U.S. counterparts during their debut.

Exclusive: The issuer told WuBlockchain that the issuance scale of Hong Kong’s Bitcoin and Ethereum spot ETFs, which will be launched tomorrow at UTC+8, is expected to reach US$200 million to US$300 million, exceeding the first-day issuance scale of US$125 million in the United… pic.twitter.com/EGqVCCjcVb

— Wu Blockchain (@WuBlockchain) April 29, 2024

This news comes on the heels of the landmark approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) earlier this year. However, despite this groundbreaking move, recent data has shown outflows from BTC ETFs in the U.S. market, as we reported this past weekend.

The imminent launch of these Hong Kong-based ETFs tracking the world’s two largest cryptocurrencies is poised to shake up the digital asset investment landscape. Their potential to surpass the initial success of U.S. offerings highlights the growing global appetite for regulated crypto investment vehicles.

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While the U.S. has taken a significant step forward in embracing crypto ETFs, the anticipated reception of these Hong Kong products underscores the fierce international competition in this nascent market.

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The post Hong Kong’s Bitcoin and Ethereum ETFs Poised to Outshine US Counterparts on Launch Day appeared first on CaptainAltcoin.

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etfs launch hong day million bitcoin kong

Источник: captainaltcoin.com

etfs launch → Результатов: 126


Фото:

VanEck lead charge as Australia prepares for Bitcoin ETF launch

Australia is poised to join the global trend of countries, including the US and Hong Kong, allowing their citizens to invest in Bitcoin exchange-traded funds (ETFs). ASX to approve Bitcoin ETFs Earlier today, Bloomberg reported that the Australian Securities Exchange (ASX) could approve its inaugural batch of spot Bitcoin ETF before the end of the […] The post VanEck lead charge as Australia prepares for Bitcoin ETF launch appeared first on CryptoSlate.

2024-4-29 15:10


Фото:

Bitcoin ETFs in the US drive higher crypto allocations among institutional investors

Institutional investors increasingly sought exposure to crypto during the first quarter of the year following the launch of several US-based spot Bitcoin exchange-traded funds (ETFs) in January. The CoinShares Digital Fund Manager survey revealed that these institutional investors have significantly increased their digital asset allocations, reaching 3% in their portfolios.

2024-4-25 19:55


Фото:

Glassnode and Coinbase report: Bitcoin maintains unique market path with low correlation to S&P 500

Quick Take Bitcoin (BTC) had an impressive first quarter in 2024, posting a 69% return and outperforming most traditional asset classes. Despite the launch of BTC ETFs, which many thought would lead to a stronger correlation with traditional finance assets, BTC displayed minimal correlation with major asset classes, using data from a recent Glassnode and […] The post Glassnode and Coinbase report: Bitcoin maintains unique market path with low correlation to S&P 500 appeared first on CryptoSlate.

2024-4-18 17:00


Эксперт поставил под сомнение перспективы спотовых биткоин-ETF в Гонконге

Криптовалютным ETF с листингом в Гонконге «повезет», если им удастся суммарно привлечь $500 млн. Об этом заявил аналитик Bloomberg Эрик Балчунас. Latest on HK spot Bitcoin ETFs: They have been approved to exist but not launch (yet).

2024-4-16 11:01


Фото:

First spot Ethereum ETFs approved as Hong Kong green lights crypto ETFs

Hong Kong has approved the launch of the first spot Bitcoin and Ethereum ETFs in the country, solidifying its position as a leading hub for cryptocurrency investments in Asia. Hong Kong’s Securities and Futures Commission (SFC) has granted approvals to China Asset Management, Harvest Global, and Bosera and HashKey spot Bitcoin and Ethereum exchange-traded funds (ETFs). […]

2024-4-15 11:38


Фото:

Bitcoin ETFs could see significant growth in Hong Kong due to in-kind creation model – analysts

Analysts believe Bitcoin exchange-traded funds (ETFs) could see a significant upswing following their launch in Hong Kong due to the adoption of in-kind creation models. Bloomberg senior ETF analyst Eric Balchunas further pointed out that Hong Kong’s adoption of an in-kind creation model for spot Bitcoin ETFs could potentially boost the assets under management (AUM) […] The post Bitcoin ETFs could see significant growth in Hong Kong due to in-kind creation model – analysts appeared first on CryptoSlate.

2024-3-26 21:39


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