Hong Kong Targets Mid-2024 for Spot Crypto ETF Premiere!
Key Points:
- OSL and HashKey lead the charge, aiming for the city’s first crypto ETFs.
- Venture Smart targets a substantial $500 million in assets by year-end.
Hong Kong is poised to introduce its first spot crypto ETFs by the middle of this year.
Leading this pioneering initiative are prominent players in the crypto space, including OSL and HashKey, with an ambitious goal of reaching $500 million in assets, led by Venture Smart Financial Holdings Ltd.
Gary Tiu, an executive from OSL Hong Kong crypto exchange, anticipates the debut of the city’s first spot crypto ETFs, with approximately 5-10 companies actively exploring this avenue. Notably, five of these entities are progressing at an accelerated pace, underscoring the growing interest and momentum in the crypto ETF space.
Tiu emphasized the importance of maintaining reasonable fees, considering that Hong Kong boasts only two licensed crypto exchanges. The introduction of spot crypto ETFs is expected to bring significant advantages to Hong Kong’s crypto market, facilitating market orders, enhancing investor protection, and fostering closer integration between digital and traditional finance.
Hong Kong Set to Launch Crypto ETFs Mid-2024!
HashKey, another key player in the Hong Kong crypto exchange landscape, is also in discussions with asset managers about the potential launch of spot crypto ETFs. Livio Weng, HashKey’s Chief Operating Officer, revealed that around ten companies are actively exploring the possibility of introducing these ETFs, further highlighting the growing interest and momentum in this space.
Adding to the landscape, Venture Smart Financial Holdings Ltd is gearing up to launch a bitcoin ETF, with aspirations to accumulate $500 million in assets by the end of the year, according to reports from Bloomberg. This ambitious goal reflects the confidence and optimism surrounding the prospects of crypto ETFs in Hong Kong.
As the city inches closer to embracing this transformative financial instrument, the introduction of spot crypto ETFs is poised to reshape Hong Kong’s crypto landscape, offering new avenues for investors and reinforcing the bridge between traditional and digital finance.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Hong Kong Targets Mid-2024 for Spot Crypto ETF Premiere!
Key Points:
- OSL and HashKey lead the charge, aiming for the city’s first crypto ETFs.
- Venture Smart targets a substantial $500 million in assets by year-end.
Hong Kong is poised to introduce its first spot crypto ETFs by the middle of this year.
Leading this pioneering initiative are prominent players in the crypto space, including OSL and HashKey, with an ambitious goal of reaching $500 million in assets, led by Venture Smart Financial Holdings Ltd.
Gary Tiu, an executive from OSL Hong Kong crypto exchange, anticipates the debut of the city’s first spot crypto ETFs, with approximately 5-10 companies actively exploring this avenue. Notably, five of these entities are progressing at an accelerated pace, underscoring the growing interest and momentum in the crypto ETF space.
Tiu emphasized the importance of maintaining reasonable fees, considering that Hong Kong boasts only two licensed crypto exchanges. The introduction of spot crypto ETFs is expected to bring significant advantages to Hong Kong’s crypto market, facilitating market orders, enhancing investor protection, and fostering closer integration between digital and traditional finance.
Hong Kong Set to Launch Crypto ETFs Mid-2024!
HashKey, another key player in the Hong Kong crypto exchange landscape, is also in discussions with asset managers about the potential launch of spot crypto ETFs. Livio Weng, HashKey’s Chief Operating Officer, revealed that around ten companies are actively exploring the possibility of introducing these ETFs, further highlighting the growing interest and momentum in this space.
Adding to the landscape, Venture Smart Financial Holdings Ltd is gearing up to launch a bitcoin ETF, with aspirations to accumulate $500 million in assets by the end of the year, according to reports from Bloomberg. This ambitious goal reflects the confidence and optimism surrounding the prospects of crypto ETFs in Hong Kong.
As the city inches closer to embracing this transformative financial instrument, the introduction of spot crypto ETFs is poised to reshape Hong Kong’s crypto landscape, offering new avenues for investors and reinforcing the bridge between traditional and digital finance.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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