Key Insights: Australia’s ASX is expected to approve its first spot Bitcoin ETFs by 2024, aligning with global cryptocurrency trends. BetaShares and VanEck lead preparations for new cryptocurrency funds, targeting Australia’s $2.3 trillion pension market. Earlier efforts on CBOE Australia saw limited success, prompting a shift to the larger ASX for better exposure and inflows. … Read more
Key Insights: Franklin Templeton listed its spot Ether ETF on DTCC, signaling steps toward regulatory acceptance. The SEC has extended the review period for Franklin’s ETF to June 11, citing the need for a thorough evaluation. Industry leaders express mixed optimism about the approval of Ether-based ETFs amidst regulatory hesitancy. Franklin Templeton listed its new … Read more
Key Insights: Hong Kong Securities and Futures Commission approves the first spot Bitcoin and Ethereum ETFs. Harvest Global will manage these ETFs via OSL Digital Securities, ensuring precise value reflection. Despite approvals, Mainland Chinese investors remain restricted from these cryptocurrency ETFs. Hong Kong has marked a significant milestone in the cryptocurrency sector by approving the … Read more
Key Insights: Hong Kong’s approval process for Bitcoin Spot ETFs accelerates, indicating a swift integration of digital assets into mainstream finance. Collaboration with over 20 institutions underscores a comprehensive and meticulous approach to launching Bitcoin ETFs in Hong Kong. The launch of Bitcoin Spot ETFs in Hong Kong is poised to transform investment opportunities for … Read more
Key Insights: Consensys emphasizes Ethereum’s PoS surpassing Bitcoin’s PoW in security, countering SEC’s ETF concerns. Ethereum’s advanced safeguards, including faster block finality and decentralized validation, mitigate fraud risks, according to Consensys. The blockchain firm’s advocacy aims to provide clarity for pending Ethereum ETF approval, supporting web3’s mass adoption. Consensys, a prominent blockchain software company, has … Read more
Key Insights: Gary Gensler emphasizes the unique economic structures backing fiat currencies compared to decentralized cryptocurrencies like Bitcoin. JPMorgan CEO Jamie Dimon criticizes Bitcoin’s predominant use in illegal activities, underscoring the challenges of cryptocurrencies. Despite approving Bitcoin ETFs, Gensler remains focused on investor protection, distancing the SEC from endorsing Bitcoin directly. In a recent interview … Read more
Key Insights: Bitcoin’s market cap surpasses $1 trillion, driven by heightened demand fueled by U.S. spot bitcoin ETFs. Spot ETFs witnessed over $9.5 billion inflow, contributing to over 71% of new Bitcoin investments in the last two weeks. Investors eye the upcoming “halving” event in April, historically preceding Bitcoin’s attainment of new all-time highs. Bitcoin … Read more