30/04/2024
It’s not just USA. Think bigger people. Think globally 🌎
Asia’s first spot bitcoin and ether ETFs had a mixed start in Hong Kong, signaling cautious investor interest in cryptocurrency ETFs in the region. Despite this, they marked a significant launch just months after similar U.S. ETFs. Hong Kong’s stance as a digital asset hub contrasts with mainland China’s crypto ban. Notably, these ETFs used an “in-kind” transaction method, potentially lowering transaction costs for token owners Asia’s first spot bitcoin and ether ETFs make lukewarm Hong Kong debut | Reuters.