Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»BITCOIN NEWS»Spot Bitcoin ETF begins trading in Hong Kong
BITCOIN NEWS

Spot Bitcoin ETF begins trading in Hong Kong

By Crypto FlexsApril 30, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Spot Bitcoin ETF begins trading in Hong Kong
Share
Facebook Twitter LinkedIn Pinterest Email

Spot Bitcoin Exchange Traded Fund (ETF) was officially listed in Hong Kong with the opening of the stock market.

Formula: Spot #Bitcoin ETF trading begins in Hong Kong 🇭instagram pic.twitter.com/yI8HsqRECf

— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024

The approval, eagerly awaited for months, signals a new era for the Bitcoin industry in the region. Major asset managers are gearing up for the event after the Hong Kong Securities and Futures Commission approved three spot Bitcoin ETF applications earlier this month. China Asset Management, Harvest Global Investments, Bosera International, and HashKey were all among the asset managers that received regulatory approval to offer these ETFs.

Bloomberg ETF analysts Eric Balchunas and James Seyffart shared ETF fees in an X post, saying they were lower than initially expected and highlighting them as a “good sign.”

The Hong Kong spot Bitcoin/Ether ETF has been officially approved to begin trading on April 30. Fees are lower on average than we expected at 30bps, 60bps, and 99bps. That’s a good sign. We’ll have an analyst Q&A on this with our local Hong Kong team in under an hour. Register here and get your qs: https://t.co/GzzCZailx3 https://t.co/AvJ6dv2Xha

— Eric Balchunas (@EricBalchunas) April 24, 2024

These ETFs are expected to attract significant interest from both domestic and foreign investors, positioning Hong Kong as a premier destination for Bitcoin investment opportunities.

A Hong Kong spot Bitcoin ETF issuer told WuBlockchain, “Hong Kong’s Bitcoin and Ethereum spot ETF issuance volume, which will be launched tomorrow UTC+8, is expected to reach US$200 million to US$300 million beyond the first day.” I told you. “The U.S. issuance volume amounts to $125 million.”

“Chinese AMCs are confident that Hong Kong could surpass the US in Bitcoin ETF flows and trading volume on the first day. It also said other regions such as Singapore and the Middle East could find ETFs despite limits on mainland Chinese investors being confirmed. said,” Balchunas said. Similar statements. “An amount close to $125 million would be unrealistic for Hong Kong’s first day. That’s equivalent to $21 billion in the United States!”

Click on the image to learn more.

Markus Thielen of Singapore-based Matrixport and 10x Research predicts that spot Bitcoin ETFs in Hong Kong could potentially generate up to $25 billion in new demand, putting these financial instruments at the forefront of Bitcoin as a mainstream asset class. He emphasized that it can play an important role in legalizing it.

As the ETF launches in Hong Kong, the city welcomes the Bitcoin Asia conference starting next week. This is because advertising for both the conference and the ETF is now being marketed to Hong Kong residents.

giant #Bitcoin Asia conference advertisement spotted in Hong Kong a few days after Bitcoin ETF approval 🇭instagram

Asia is coming 🚀

pic.twitter.com/zXPUfgoEC6

— Bitcoin Magazine (@BitcoinMagazine) April 17, 2024

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Is it really possible to sell Memecoins?

July 29, 2025

Big Bob Slot -Self -There fish, bite wins!

July 23, 2025

The strategy has hit the highest market cap since the Rally Bitcoin rally.

July 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Pepescape Crypto Presale Raises $1M As Ethereum Eyes $6K, Community-Owned Exchange Gigacex Unveiled

July 30, 2025

Midl Secures $2.4M Seed Investment From Draper Associates And Draper Dragon To Pioneer Native DApp Infrastructure On Bitcoin

July 30, 2025

LayerBTC starts $ LBTC ICO to power the new Bitcoin Layer 2 for Apps and Defi.

July 30, 2025

Asia Morning Briefing: SEC’s in -kind BTC, ETH ETF reduction shift occurred in Hong Kong a few years ago.

July 30, 2025

XRP Open Interests decrease by $ 2.4B after recent sale

July 30, 2025

Is it really possible to sell Memecoins?

July 29, 2025

Encryption Inheritance Update: July 2025

July 29, 2025

Charting the Course for the Future of Decentralized Platforms

July 29, 2025

Blockchain For Good Alliance Leads Global Digital Cooperation At UN IGF 2025

July 29, 2025

Queens Park Rangers And TokenFi Announces New Partnership

July 29, 2025

Onchain AI Agents Go Live With USDC & Coinbase X402

July 29, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Pepescape Crypto Presale Raises $1M As Ethereum Eyes $6K, Community-Owned Exchange Gigacex Unveiled

July 30, 2025

Midl Secures $2.4M Seed Investment From Draper Associates And Draper Dragon To Pioneer Native DApp Infrastructure On Bitcoin

July 30, 2025

LayerBTC starts $ LBTC ICO to power the new Bitcoin Layer 2 for Apps and Defi.

July 30, 2025
Most Popular

Following the downgrade market, will Solana, Avalanche and ScapesMania change the trend?

January 24, 2024

BitMEX API users are experiencing delays on all GET endpoints.

September 24, 2024

Grayscale said supply dynamics could lead to a rise in Bitcoin prices in 2024.

December 2, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.