Hong Kong Considering Crypto ETFs as Part of Effort To Become Leading Digital Asset Hub: Report

Hong Kong is reportedly weighing the possibility of allowing spot cryptocurrency exchange-traded funds (ETF). In a new Bloomberg report, Hong Kong’s Securities and Futures Commission CEO Julia Leung outlines what it would take for spot crypto ETFs to be authorized in the city-state. “We welcome proposals using innovative technology that boosts efficiency and customer experience. […]

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First Bitcoin Futures ETF Registers $1,700,000,000 in Trading Volume Last Week: Bloomberg Analyst

The latest data reveals that the first Bitcoin (BTC) exchange-traded fund (ETF) registered its highest weekly trading volume since its inception. According to senior Bloomberg ETF analyst Eric Balchunas, BITO – the BTC futures ETF released by ProShares – recorded $1.7 billion in trading volume while the Grayscale Bitcoin Trust (GBTC) saw $800 million. Balchunas […]

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Spot Bitcoin ETF Could Trigger a 155% BTC Explosion, According to CryptoQuant- Here’s the Timeline

On-chain data provider CryptoQuant says that the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) could boost the price of BTC by triple-digit percentage points. In a new report, CryptoQuant says that billions of dollars would flow into the BTC market and consequently more than double […]

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