...
...
Haider Jamal

Apr 30, 2024

Everything You Need To Know About The Hong Kong Spot Bitcoin And Ether ETFs

In a significant development for the Asian cryptocurrency market, ChinaAMC (Hong Kong) Limited announced the upcoming launch of their Spot ChinaAMC Bitcoin ETF and Spot ChinaAMC Ethereum ETF. This event provided insights into their expectations and unique offerings.

 

Interest And Confidence

Zhu Haokang, Head of Digital Asset Management at ChinaAMC (Hong Kong), expressed confidence in surpassing the trading volume of US Bitcoin spot ETFs on the first day. Wayne Huang via OSL confirmed strong initial fundraising, with transactions exceeding those of US counterparts.

Key differences include ChinaAMC and their ability to offer spot and physical subscriptions, along with various currency counters. Interest has come via diverse investors, including Bitcoin mines and those within regions without ETFs. Despite higher fees, ChinaAMC is confident in its competitiveness, emphasizing adherence to ETF standards, flexibility, and robust risk management.

 

Who Can Take Part

Physical subscription allows coin transfer through brokerage firms, with stringent anti-money laundering measures. Mainland Chinese investors are currently ineligible, but qualified and international investors can participate.

The potential impact of Ethereum being classified as a security in the United States will not affect the ETFs in Hong Kong, as local regulations differ. Discussions about listing other coins in Hong Kong are ongoing. ChinaAMC plans to launch innovative financial products related to their ETFs, believing they will improve cryptocurrency prices due to increased liquidity and compliance.

 

Top News


Read more latest news

Press Releases

...
Terra
Do Kwon Trial Begins Despite The Founder

2 months ago Mar 26, 2024

The civil fraud trial involving Ter... Read more

...
Goldman
Goldman Sachs Clients Look To Get Back

2 months ago Mar 25, 2024

Institutional clients served by the... Read more

...
Payments
New Payment Limit For Crypto Wallets Scrapped

2 months ago Mar 25, 2024

The recent Anti-Money Laundering re... Read more

...
Bitcoin
Bitcoin Undergoes Price Correction As International Economies

2 months ago Mar 24, 2024

A significant portion of the crypto... Read more

Join Our Newsletter

Get the latest trends and updates on our crypto community.