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Hong Kong Approves BTC & ETH ETFs

Lark Davis April 18, 2024
GBTC

GM friends. 

Who says legacy media is all but dead. Reuters dangled the Hong Kong ETF in front of us last week, and they didn’t fail to deliver!

So brew a fresh pot, and kick up those feet. Here comes your mid-week crypto update.  ☕️📰

Here's what's in today's issue:

  • David shares his thoughts on Honk Kong approving BTC and ETH ETFs, why BTC miner stocks are crashing, Crypto Mom introducing new US stable coin legislation & OKX’s L2 goes mainnet.
  • Erik has an article on the Bitcoin halving: Meme value, price effect, and death spiral myth.
  • In case you missed it by Rebecca.

Hong Kong Bitcoin & Ethereum ETFs Approved

Last week, Reuters reported that the Hong Kong Securities and Futures Commission (SFC) would this week likely approve spot bitcoin ETFs for the jurisdiction. 

Well this past Monday, that appears to be exactly what happened. That’s because three of the applicants - China Asset Management, Harvest Fund Management, and Bosera Asset Management - are stating that regulators gave them either full or conditional approval for the launch of their spot bitcoin ETFs.

But apparently the regulators aren’t stopping at just bitcoin. The applicants are also saying that they’ve received the green light for the launch of spot ETH ETFs too. 

Wow. We did not see that coming. 

It is

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