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Higher trading volume in first year: Bitcoin or Ethereum ETF?
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Hong Kong•Bitcoin•Ethereum•Harvest Global•China Asset Management•HashKey•Bosera International•Asia•Bloomberg•Eric Balchunas•OSL Digital Securities
Resolution / Starting Odds
Bitcoin • 50%
Ethereum • 50%
Trading volume data published by the Hong Kong Stock Exchange
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Hong Kong Approves First Spot Bitcoin, Ethereum ETFs; Major Asset Managers Involved
Apr 15, 2024, 07:58 AM
Hong Kong has conditionally approved the launch of the first batch of spot Bitcoin and Ethereum ETFs, marking a significant development in the cryptocurrency market. These approvals, granted to major asset managers such as Harvest Global, China Asset Management, HashKey, and Bosera International, are expected to facilitate substantial capital inflows and bolster the accessibility of cryptocurrencies in Asia. The ETFs, which will allow in-kind creation and redemption, are distinct from U.S. Bitcoin ETFs and are seen as a bullish signal for the market. Despite the enthusiasm, some analysts, including Bloomberg's Eric Balchunas, caution that the actual capital inflows might be modest compared to the U.S., estimating potential inflows at around $500 million. OSL Digital Securities will provide custody for some of these ETFs.
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