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Singapore Leads Asia's Crypto Hub Race Over Hong Kong
Singapore outperformed Hong Kong in “regulatory efficiency and appeal” to crypto businesses in 2024, according to Bloomberg.
The city-state awarded 13 crypto licenses this year, more than twice the amount in 2023. OKX, Upbit, Anchorage, BitGo, and GSR received regulatory permission, underscoring Singapore's rising appeal to digital asset companies.
Hong Kong's licensing framework has made “slower progress” with just seven fully approved platforms and numerous more with interim authorization.
Hong Kong Accelerates Crypto Licensing: 4 New Exchanges Approved
Regulation Differences Make Region Competitive
Industry observers blame Hong Kong's regulatory limitations for its tardiness. They said the city's strict token listing, delisting, and custody restrictions make it hard for exchanges to make a profit.
TRM Labs senior policy advisor Angela Ang said:
Hong Kong's exchange regulations are stricter in areas like client asset custody and token listing and delisting. This may have favored Singapore.”
Different Crypto Innovation Strategies
Singapore's balanced regulatory system encourages new entrants and incumbent financial institutions to collaborate.
Project Guardian and Global Layer 1, supported by the Monetary Authority of Singapore, seek to speed asset tokenization and blockchain use in wholesale financial markets, Bloomberg said.
Singapore has become a solid regional headquarters for digital asset firms due to these initiatives.
Despite the sale of HK$6 billion ($770 million) in tokenized green bonds and the debut of Bitcoin and Ethereum spot ETFs, acceptance has been sluggish in Hong Kong.
These Hong Kong ETFs have $500 million in assets under management, compared to $120 billion in the US.
#Singapore #HongKong #MarketRebound #BTCNextMove $BTC $ETH $XRP
Singapore outperformed Hong Kong in “regulatory efficiency and appeal” to crypto businesses in 2024, according to Bloomberg.
The city-state awarded 13 crypto licenses this year, more than twice the amount in 2023. OKX, Upbit, Anchorage, BitGo, and GSR received regulatory permission, underscoring Singapore's rising appeal to digital asset companies.
Hong Kong's licensing framework has made “slower progress” with just seven fully approved platforms and numerous more with interim authorization.
Hong Kong Accelerates Crypto Licensing: 4 New Exchanges Approved
Regulation Differences Make Region Competitive
Industry observers blame Hong Kong's regulatory limitations for its tardiness. They said the city's strict token listing, delisting, and custody restrictions make it hard for exchanges to make a profit.
TRM Labs senior policy advisor Angela Ang said:
Hong Kong's exchange regulations are stricter in areas like client asset custody and token listing and delisting. This may have favored Singapore.”
Different Crypto Innovation Strategies
Singapore's balanced regulatory system encourages new entrants and incumbent financial institutions to collaborate.
Project Guardian and Global Layer 1, supported by the Monetary Authority of Singapore, seek to speed asset tokenization and blockchain use in wholesale financial markets, Bloomberg said.
Singapore has become a solid regional headquarters for digital asset firms due to these initiatives.
Despite the sale of HK$6 billion ($770 million) in tokenized green bonds and the debut of Bitcoin and Ethereum spot ETFs, acceptance has been sluggish in Hong Kong.
These Hong Kong ETFs have $500 million in assets under management, compared to $120 billion in the US.
#Singapore #HongKong #MarketRebound #BTCNextMove $BTC $ETH $XRP
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Crypto ETFs in Hong Kong: Investment Hotspot of 2025
Hong Kong, Asia's leading financial center, is on track to become a new hotspot for the global crypto market, particularly for crypto ETF funds. Following promising beginnings in 2024, experts predict that 2025 will be a period of strong explosion for ETF $BTC and Ethereum in this special region.
Starting milestones and challenges
In April 2024, Hong Kong made its mark as the first region in Asia to list 6 spot crypto ETFs for Bitcoin and $ETH . This pioneering step opens up opportunities for regional investors to access digital assets through a safe and transparent investment channel.
Starting milestones and challenges
In April 2024, Hong Kong made its mark as the first region in Asia to list 6 spot crypto ETFs for Bitcoin and $ETH . This pioneering step opens up opportunities for regional investors to access digital assets through a safe and transparent investment channel.
Hong Kong Expands Crypto Exchange Approvals
Hong Kong is making bold strides to establish itself as a global cryptocurrency hub. The Securities and Futures Commission recently approved four more cryptocurrency exchanges, increasing the total number of regulated platforms in the region to seven.
Key Highlights:
New Approvals: 4 additional exchanges.
Total Regulated Exchanges: 7 in Hong Kong.
Why It Matters? This move positions Hong Kong as a leading destination for digital asset trading.
Hong Kong’s proactive approach is a promising sign for the future of crypto adoption and regulation worldwide.
#HongKong #CryptoExchanges #DigitalAssets #Write2Earn!
Hong Kong is making bold strides to establish itself as a global cryptocurrency hub. The Securities and Futures Commission recently approved four more cryptocurrency exchanges, increasing the total number of regulated platforms in the region to seven.
Key Highlights:
New Approvals: 4 additional exchanges.
Total Regulated Exchanges: 7 in Hong Kong.
Why It Matters? This move positions Hong Kong as a leading destination for digital asset trading.
Hong Kong’s proactive approach is a promising sign for the future of crypto adoption and regulation worldwide.
#HongKong #CryptoExchanges #DigitalAssets #Write2Earn!
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🌏 Singapore vs Hong Kong: crypto hub battle!
In 2024, Singapore proved once again that it is one step ahead in the race for cryptocurrency leadership 🚀. 13 licenses in a year — and major companies are already choosing the "Asian Tiger"! 🐅
Meanwhile, Hong Kong issued only 7 licenses 🛑 and tightened the rules for cryptocurrency trading. This clearly deters many players who are looking for more flexible conditions.
💡 Why is Singapore winning?
Attractive conditions for business 💼
Simple and clear regulation ⚖️
Support from major players in the crypto industry 💎
🔥 Question to you: will Hong Kong's strict rules be able to maintain its status as a crypto hub, or has Singapore already become unattainable? Share your thoughts! 💬
#CryptoHub
#Singapore
#HongKong
#CryptoRegulation
#Cryptocurrency
In 2024, Singapore proved once again that it is one step ahead in the race for cryptocurrency leadership 🚀. 13 licenses in a year — and major companies are already choosing the "Asian Tiger"! 🐅
Meanwhile, Hong Kong issued only 7 licenses 🛑 and tightened the rules for cryptocurrency trading. This clearly deters many players who are looking for more flexible conditions.
💡 Why is Singapore winning?
Attractive conditions for business 💼
Simple and clear regulation ⚖️
Support from major players in the crypto industry 💎
🔥 Question to you: will Hong Kong's strict rules be able to maintain its status as a crypto hub, or has Singapore already become unattainable? Share your thoughts! 💬
#CryptoHub
#Singapore
#HongKong
#CryptoRegulation
#Cryptocurrency
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📢 Hong Kong is taking on crypto transparency! 🌍💼
The Hong Kong government has announced the implementation of a crypto asset reporting system 📊. The goal is to combat cross-border tax evasion and increase transparency in international settlements 💡.
⏳ Future plans:
🏛 2026: Completion of legislative changes.
🔄 2028: First automatic exchange of information with other tax jurisdictions.
📈 What does this mean? Hong Kong wants to streamline the crypto market to make it more transparent and in line with global standards 🌐. Now the anonymity of crypto assets will be under the close attention of tax authorities 👀.
Crypto without taxes? Forget it! 💥 The world is moving towards complete openness of data, and Hong Kong is becoming one of the leaders in this process.
What do you think? Do you support this initiative or is this a new challenge for the crypto community? 🧐
#CryptoNews
#HongKong
#TaxTransparency
#GlobalCrypto
The Hong Kong government has announced the implementation of a crypto asset reporting system 📊. The goal is to combat cross-border tax evasion and increase transparency in international settlements 💡.
⏳ Future plans:
🏛 2026: Completion of legislative changes.
🔄 2028: First automatic exchange of information with other tax jurisdictions.
📈 What does this mean? Hong Kong wants to streamline the crypto market to make it more transparent and in line with global standards 🌐. Now the anonymity of crypto assets will be under the close attention of tax authorities 👀.
Crypto without taxes? Forget it! 💥 The world is moving towards complete openness of data, and Hong Kong is becoming one of the leaders in this process.
What do you think? Do you support this initiative or is this a new challenge for the crypto community? 🧐
#CryptoNews
#HongKong
#TaxTransparency
#GlobalCrypto
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Why Hong Kong Is Growing as a Crypto Hub — WOW Summit CEO
“Hong Kong’s ‘one country, two systems’ framework allows it to explore digital asset innovation more freely,” Ivan Ivanov told Cointelegraph.
#HongKong
“Hong Kong’s ‘one country, two systems’ framework allows it to explore digital asset innovation more freely,” Ivan Ivanov told Cointelegraph.
#HongKong
💵💵 get 𝙁𝙍𝙀𝙀 rewards 𝙐𝙋T𝙊 9$ 𝙐𝙎𝘿𝙏/PEPE 𝘾𝙊𝙄𝙉 𝙍𝙀𝙒𝘼𝙍𝘿 𝙁𝙍𝙊𝙈 𝙈𝙔 𝙏𝙒𝙊 𝙋𝙄𝙉𝙉𝙀𝘿 𝙋𝙊𝙎𝙏𝙎💰💰🎁
💥 BITCOIN ETF HONG KONG! BTC IS DUMPING !!!
We all hoped that the Hong Kong Spot Bitcoin ETF would have a #Bullish effect on the market...
It did not!
Sometimes, the whales and big guys are a few steps ahead. That's why we should never get excited and all-knowing, and that's why I warned you in my last post, too.
I hope you didn't play with leverage and set the stop loss.
Let's see what happens next.
I talked with some Frenz in Hong Kong, and they said that everything is positive and it's going to be a long-term play.
Stay Safe Frenz
@Professor Mende - Founder of BONUZ Project - in Dubai UAE
$BTC
#bitcoin #etf #btc #hongkong
💥 BITCOIN ETF HONG KONG! BTC IS DUMPING !!!
We all hoped that the Hong Kong Spot Bitcoin ETF would have a #Bullish effect on the market...
It did not!
Sometimes, the whales and big guys are a few steps ahead. That's why we should never get excited and all-knowing, and that's why I warned you in my last post, too.
I hope you didn't play with leverage and set the stop loss.
Let's see what happens next.
I talked with some Frenz in Hong Kong, and they said that everything is positive and it's going to be a long-term play.
Stay Safe Frenz
@Professor Mende - Founder of BONUZ Project - in Dubai UAE
$BTC
#bitcoin #etf #btc #hongkong
Do you believe the $BTC and $ETH ETF’s in HONG KONG will have a positive or negative effect on the market?
Share your thoughts!
#BullorBear #btc #EthereumPower #ETF✅ #hongkong
Share your thoughts!
#BullorBear #btc #EthereumPower #ETF✅ #hongkong
🏙 Hong Kong poised to approve spot ETFs for both Bitcoin and Ethereum as soon as Monday - writes Bloomberg! This is a great news for us, as this ETF can open doors to huge capital!
Moreover, look at the main HK index chart. Local stocks have been dumping for years! Instead, #BTC shows an up-only chart in terms of years.
🤓 So which chart Hong Kong investors will buy: up only chart or down only? I think the answer is obvious.
#bitcoin #Binance #hongkong
Moreover, look at the main HK index chart. Local stocks have been dumping for years! Instead, #BTC shows an up-only chart in terms of years.
🤓 So which chart Hong Kong investors will buy: up only chart or down only? I think the answer is obvious.
#bitcoin #Binance #hongkong
Ethiopia and Hong Kong Join Forces: Memorandum on Data Mining and AI
Ethiopia has entered into a significant partnership with a Hong Kong-based data center operator, paving the way for new opportunities in data mining and artificial intelligence (AI) development. Here are the key points of this strategic alliance.
Memorandum of Understanding: $250 Million Investment
Ethiopian Investment Holdings, a state-owned company, has signed a Memorandum of Understanding with Data Center Service, a subsidiary of the renowned Hong Kong-based West Data Group. This agreement, valued at $250 million, aims to establish modern infrastructure for data mining and AI training in Ethiopia.
Cryptocurrency Mining: A Controversial Issue
While the announcement does not directly mention cryptocurrency mining, reports suggest that this activity could be part of the joint effort. Bitcoin mining is a contentious topic in Ethiopia, especially given the recent launch of the Grand Ethiopian Renaissance Dam, which has altered electricity prices in the country.
Growing Interest in Cryptocurrencies in Ethiopia
Despite controversies, interest in cryptocurrencies is growing in Ethiopia. Reports indicate that several mining companies, mostly from China, are already operating there. Additionally, Ethiopia is striving to develop its cryptocurrency infrastructure and is collaborating with international partners, such as Input Output Hong Kong (IOHK), on blockchain technology innovations.
West Data Group: Innovative Fintech
West Data Group, powered by blockchain technology, is a key player in this partnership. With centers worldwide and a new focus on bitcoin and digital currency mining, it provides Ethiopia with new opportunities for technological development and economic diversification.
Conclusion
The partnership between Ethiopia and Hong Kong represents a significant step towards modernizing infrastructure and advancing technologies in Ethiopia. While questions regarding cryptocurrency mining remain open, it is clear that both parties are interested in joint development in the fields of data services and artificial intelligence.
#mining #crypto #hongkong
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Memorandum of Understanding: $250 Million Investment
Ethiopian Investment Holdings, a state-owned company, has signed a Memorandum of Understanding with Data Center Service, a subsidiary of the renowned Hong Kong-based West Data Group. This agreement, valued at $250 million, aims to establish modern infrastructure for data mining and AI training in Ethiopia.
Cryptocurrency Mining: A Controversial Issue
While the announcement does not directly mention cryptocurrency mining, reports suggest that this activity could be part of the joint effort. Bitcoin mining is a contentious topic in Ethiopia, especially given the recent launch of the Grand Ethiopian Renaissance Dam, which has altered electricity prices in the country.
Growing Interest in Cryptocurrencies in Ethiopia
Despite controversies, interest in cryptocurrencies is growing in Ethiopia. Reports indicate that several mining companies, mostly from China, are already operating there. Additionally, Ethiopia is striving to develop its cryptocurrency infrastructure and is collaborating with international partners, such as Input Output Hong Kong (IOHK), on blockchain technology innovations.
West Data Group: Innovative Fintech
West Data Group, powered by blockchain technology, is a key player in this partnership. With centers worldwide and a new focus on bitcoin and digital currency mining, it provides Ethiopia with new opportunities for technological development and economic diversification.
Conclusion
The partnership between Ethiopia and Hong Kong represents a significant step towards modernizing infrastructure and advancing technologies in Ethiopia. While questions regarding cryptocurrency mining remain open, it is clear that both parties are interested in joint development in the fields of data services and artificial intelligence.
#mining #crypto #hongkong
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Hong Kong Approves First Bitcoin and Ethereum Spot ETFs
BTC was dumped from two consecutive days,Today on Monday Hong Kong's securities regulator approved the first spot bitcoin and ethereum exchange traded funds (ETFs), This is interesting as Asia becomes first to attempt the popular cryptocurrencies as a mainstream investment tool.On immediate bases BTC shows some strength 👇
Low price More buying.More buying More volume.Approved ETFs leads to HODL.One point is very clear that on bigger time frames dumping can't marked ,it may be the dips for necessary corrections as halving is just a week away.Whatever the scenario dumping or pumping, make sure your leverage is far far away for future trades.
Main important,the Hong Kong unit of BAM and CAM revealed that they had received regulatory approval from the Hong Kong Securities and Futures Commission (SFC) to launch the ETFs. This is a positive sign to invest for investors But what to do as Friday to Sunday was seen having billions of liquidations for future traders most of middle investors became out of money.
Right now there is a confusion either dump is going to start or what?
In this situation today news of ETFs approval gave a cool breath to asses something positive.ETFs can't maintain a fixed price as gold but this is strong step towards future crypto money that is dreamt to be.
As concluded,Spot traders are still hopeful 🤞 Future traders are looking into trades to get their money back.
#ETFs #hongkong
#leverage #BTC #ETH
Low price More buying.More buying More volume.Approved ETFs leads to HODL.One point is very clear that on bigger time frames dumping can't marked ,it may be the dips for necessary corrections as halving is just a week away.Whatever the scenario dumping or pumping, make sure your leverage is far far away for future trades.
Main important,the Hong Kong unit of BAM and CAM revealed that they had received regulatory approval from the Hong Kong Securities and Futures Commission (SFC) to launch the ETFs. This is a positive sign to invest for investors But what to do as Friday to Sunday was seen having billions of liquidations for future traders most of middle investors became out of money.
Right now there is a confusion either dump is going to start or what?
In this situation today news of ETFs approval gave a cool breath to asses something positive.ETFs can't maintain a fixed price as gold but this is strong step towards future crypto money that is dreamt to be.
As concluded,Spot traders are still hopeful 🤞 Future traders are looking into trades to get their money back.
#ETFs #hongkong
#leverage #BTC #ETH
🚨Hong Kong's Bold Move: Ethereum ETFs with Staking Features on the Horizon! 🛠️💹
According to Yat Siu, Chairman of blockchain giant Animoca Brands, this approval is nearly certain and could happen within a year. This move could give Hong Kong a significant edge over the US, where the SEC has yet to support such features. 🚀
In January, the US SEC approved multiple Bitcoin spot ETFs, prompting the Hong Kong Securities and Futures Commission to follow suit in April with six Bitcoin and Ethereum spot ETFs. However, their performance has lagged behind their US counterparts, with trading volumes in Hong Kong reaching only HKD 87.58 million on the first day—less than 1% of the US's USD 4.6 billion. 📉📊
Yet, there's hope. Ethereum spot ETF issuers in Hong Kong are actively working to integrate staking, potentially boosting the market. 💡📈 Livio Weng, CEO of HashKey, stated they have a plan to generate more returns without adding risk, aiming to implement it in a compliant manner. Glenn Woo from Blockdaemon echoed this sentiment, noting positive discussions with issuers and custodians about launching staking services for ETFs. 🤝🔧
This innovation could bridge the gap between Hong Kong and the US markets. 🌉 Data from The Block reveals that Hong Kong's Bitcoin spot ETFs had a trading volume of USD 10.28 million from Tuesday to Thursday this week, while the US hit USD 1.42 billion on Thursday alone. Yat Siu believes staking rewards could attract more funds to Hong Kong, making their ETFs more competitive. 💪💸
With industry consensus and efforts underway, staking might be the key to revitalizing Hong Kong's cryptocurrency ETF market. Stay tuned for more updates on this exciting development! 📢✨
#ETF #hongkong #binance #btc #ethereum
$BTC $ETH $ADA
According to Yat Siu, Chairman of blockchain giant Animoca Brands, this approval is nearly certain and could happen within a year. This move could give Hong Kong a significant edge over the US, where the SEC has yet to support such features. 🚀
In January, the US SEC approved multiple Bitcoin spot ETFs, prompting the Hong Kong Securities and Futures Commission to follow suit in April with six Bitcoin and Ethereum spot ETFs. However, their performance has lagged behind their US counterparts, with trading volumes in Hong Kong reaching only HKD 87.58 million on the first day—less than 1% of the US's USD 4.6 billion. 📉📊
Yet, there's hope. Ethereum spot ETF issuers in Hong Kong are actively working to integrate staking, potentially boosting the market. 💡📈 Livio Weng, CEO of HashKey, stated they have a plan to generate more returns without adding risk, aiming to implement it in a compliant manner. Glenn Woo from Blockdaemon echoed this sentiment, noting positive discussions with issuers and custodians about launching staking services for ETFs. 🤝🔧
This innovation could bridge the gap between Hong Kong and the US markets. 🌉 Data from The Block reveals that Hong Kong's Bitcoin spot ETFs had a trading volume of USD 10.28 million from Tuesday to Thursday this week, while the US hit USD 1.42 billion on Thursday alone. Yat Siu believes staking rewards could attract more funds to Hong Kong, making their ETFs more competitive. 💪💸
With industry consensus and efforts underway, staking might be the key to revitalizing Hong Kong's cryptocurrency ETF market. Stay tuned for more updates on this exciting development! 📢✨
#ETF #hongkong #binance #btc #ethereum
$BTC $ETH $ADA
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🌟 Hong Kong Jumps on the Crypto ETF Train!
Hong Kong is making waves in the financial world by accepting cryptocurrency ETFs, marking a major step towards mainstream financial inclusion. With these new avenues opening up, investors have the opportunity to diversify and strengthen their investment portfolios with digital assets.
#hongkong #ETF #INDIKAY $ETH
Hong Kong is making waves in the financial world by accepting cryptocurrency ETFs, marking a major step towards mainstream financial inclusion. With these new avenues opening up, investors have the opportunity to diversify and strengthen their investment portfolios with digital assets.
#hongkong #ETF #INDIKAY $ETH
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Hong Kong has introduced regulations restricting investors from buying stablecoins
The #hongkong administration recently introduced a regulation to restrict investors from buying stablecoins. The Finance and Treasury Bureau (FSTB) and Monetary Authority (HKMA) require a HKMA license.
To obtain a license, companies must fully support all #stablecoin s in circulation. Companies will also have to disclose information and report regularly. They will also need to open an office in Hong Kong and have a staff.
To obtain a license, companies must fully support all #stablecoin s in circulation. Companies will also have to disclose information and report regularly. They will also need to open an office in Hong Kong and have a staff.
👉👉👉 Asia's first spot bitcoin and ether #ETFs make lukewarm #hongkong debut
Six new spot bitcoin and ether exchange-traded funds (ETFs) debuted in Hong Kong, marking Asia's first introduction of such products. Despite moderate trading activity, the launch showed mixed results, with #BitcoinETFs from China AMC, Harvest, and Bosera recording gains, while ether ETFs experienced slight declines.
Hong Kong, aiming to maintain its status as a financial center, has positioned itself as a global digital asset hub despite mainland China's cryptocurrency ban.
The total turnover on debut day reached approximately $112 million, lower than the US debut but driven by significant pre-listing fund accumulation from both crypto and traditional investors. China AMC's bitcoin ETF started with the largest initial size of HK$950 million ($121 million).
While Christina Choi of the Securities and Futures Commission (SFC) emphasized the launch's significance, she also cautioned about the speculative nature of virtual assets.
This launch positions Hong Kong in competition with the US for crypto investors' attention. Hong Kong's ETFs employ an "in-kind" transaction mechanism, appealing to token owners seeking to avoid conversion costs.
Initial inflows into Hong Kong's crypto spot ETFs are expected from local retail investors due to cost considerations, with management fees ranging from 0.3% to 0.99%.
Bitcoin and ether have seen significant increases in value this year, with bitcoin reaching an all-time high in March and trading around $62,000 on Tuesday.
Source - finance.yahoo.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
Six new spot bitcoin and ether exchange-traded funds (ETFs) debuted in Hong Kong, marking Asia's first introduction of such products. Despite moderate trading activity, the launch showed mixed results, with #BitcoinETFs from China AMC, Harvest, and Bosera recording gains, while ether ETFs experienced slight declines.
Hong Kong, aiming to maintain its status as a financial center, has positioned itself as a global digital asset hub despite mainland China's cryptocurrency ban.
The total turnover on debut day reached approximately $112 million, lower than the US debut but driven by significant pre-listing fund accumulation from both crypto and traditional investors. China AMC's bitcoin ETF started with the largest initial size of HK$950 million ($121 million).
While Christina Choi of the Securities and Futures Commission (SFC) emphasized the launch's significance, she also cautioned about the speculative nature of virtual assets.
This launch positions Hong Kong in competition with the US for crypto investors' attention. Hong Kong's ETFs employ an "in-kind" transaction mechanism, appealing to token owners seeking to avoid conversion costs.
Initial inflows into Hong Kong's crypto spot ETFs are expected from local retail investors due to cost considerations, with management fees ranging from 0.3% to 0.99%.
Bitcoin and ether have seen significant increases in value this year, with bitcoin reaching an all-time high in March and trading around $62,000 on Tuesday.
Source - finance.yahoo.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
It is anticipated that the occasion could draw in funds from Chinese investors, serving as an additional catalyst for the rise of these cryptocurrencies.
The approval of applications does not guarantee the launch of cryptocurrency ETFs in Hong Kong on April 15. Experts suggest that companies will require around two weeks to prepare investment products. Consequently, exchange-traded funds based on Bitcoin and Ethereum may commence operations by the end of April, as per their estimations.
As of now, there are three Bitcoin futures ETFs accessible to traders in Hong Kong: CSOP Bitcoin Futures, CSOP Ether Futures, and Samsung Bitcoin Futures. These funds' total assets are valued at roughly $170 million.
It's worth recalling that at the end of January, Harvest Fund filed an application to introduce a spot Bitcoin ETF in Hong Kong. Harvest Fund is among the largest investment firms in China, boasting assets valued at around $200 billion. $ETH $BTC #hongkong
The approval of applications does not guarantee the launch of cryptocurrency ETFs in Hong Kong on April 15. Experts suggest that companies will require around two weeks to prepare investment products. Consequently, exchange-traded funds based on Bitcoin and Ethereum may commence operations by the end of April, as per their estimations.
As of now, there are three Bitcoin futures ETFs accessible to traders in Hong Kong: CSOP Bitcoin Futures, CSOP Ether Futures, and Samsung Bitcoin Futures. These funds' total assets are valued at roughly $170 million.
It's worth recalling that at the end of January, Harvest Fund filed an application to introduce a spot Bitcoin ETF in Hong Kong. Harvest Fund is among the largest investment firms in China, boasting assets valued at around $200 billion. $ETH $BTC #hongkong
Pixel Dogs Dubhe Officially Launched, Sponsored by NFTChina.hk
Today, Panda DAO, Asia's leading DAO organization, announced the official launch of Pixel Dogs Dubhe, sponsored by NFTChina.hk. This unique series of NFTs consists of 10,000 pixel dog avatars generated by programmers using computer algorithms. Each avatar is made up of dog heads, bodies, and accessories meticulously designed by artists, with rarity determined by an algorithm.
Details of Pixel Dogs Dubhe
• Number of NFTs: 10,000
• Number of Tokens: 21 million
• NFT Name: Dubhe
Unique Charm of Pixel Dogs Dubhe
Have you ever gazed at the night sky, searching for the brightest stars in the Big Dipper? Today, we explore the boundless starry world, uncovering the mysteries of Dubhe, the first star of the Big Dipper in the Ursa Major constellation. Dubhe symbolizes desire and wisdom, representing exploration and transcendence. It is also the ecological emblem of the Dubhe constellation.
The Dubhe series NFTs are built on the Base chain's 404 protocol assets, with a total issuance of 10,000, including 1,000 initial mintings. Each Dubhe NFT is composed of 2,100 Dubhe tokens. Players can use 2,100 Dubhe tokens to randomly synthesize any Dubhe or sell 1 token to randomly synthesize any Dubhe again, thereby increasing the probability of obtaining a higher-level Dubhe. The probabilities are as follows: A: 40.2%, R: 33.5%, SR: 19.6%, SSR: 6.7%.
About Panda DAO
Panda DAO is Asia's top DAO organization. Its team has achieved monthly NFT transaction volumes exceeding 1,000 BNB on the BSC chain for three consecutive months and more than 20 BTC on the Merlin chain for three consecutive months. The number of real users has exceeded 10,000. The dog theme has a very popular MEME attribute culture in the blockchain space, such as Musk's dog, AIDOGE, and dog runes, all of which have shown excellent price performance.
About NFTChina.hk
NFTChina.hk is Asia's leading NFT trading platform and the first NFT platform to venture into overseas markets, based in Hong Kong, China.
Details of Pixel Dogs Dubhe
• Number of NFTs: 10,000
• Number of Tokens: 21 million
• NFT Name: Dubhe
Unique Charm of Pixel Dogs Dubhe
Have you ever gazed at the night sky, searching for the brightest stars in the Big Dipper? Today, we explore the boundless starry world, uncovering the mysteries of Dubhe, the first star of the Big Dipper in the Ursa Major constellation. Dubhe symbolizes desire and wisdom, representing exploration and transcendence. It is also the ecological emblem of the Dubhe constellation.
The Dubhe series NFTs are built on the Base chain's 404 protocol assets, with a total issuance of 10,000, including 1,000 initial mintings. Each Dubhe NFT is composed of 2,100 Dubhe tokens. Players can use 2,100 Dubhe tokens to randomly synthesize any Dubhe or sell 1 token to randomly synthesize any Dubhe again, thereby increasing the probability of obtaining a higher-level Dubhe. The probabilities are as follows: A: 40.2%, R: 33.5%, SR: 19.6%, SSR: 6.7%.
About Panda DAO
Panda DAO is Asia's top DAO organization. Its team has achieved monthly NFT transaction volumes exceeding 1,000 BNB on the BSC chain for three consecutive months and more than 20 BTC on the Merlin chain for three consecutive months. The number of real users has exceeded 10,000. The dog theme has a very popular MEME attribute culture in the blockchain space, such as Musk's dog, AIDOGE, and dog runes, all of which have shown excellent price performance.
About NFTChina.hk
NFTChina.hk is Asia's leading NFT trading platform and the first NFT platform to venture into overseas markets, based in Hong Kong, China.