There are many spot etfs in many countries already this is nothing new. I think somewhere in Europe there was a bitcoin etf from maybe 5 years back.
USA and the sec is the only country pretty much that refuses to launch one and we don’t know why. Look at how many stocks go bankrupt like Bed bath and beyond and they head to $0 while they think that bitcoin network might stall and the etf will go to $0, highly unlikely.
Topic: Hong Kong regulators might allow spot ETF - page 3. (Read 349 times)
Investment funds, insitutional investment firms and whales located in Asia will have their own chance on speculating in a spot bitcoin ETF without the need for an American financial institution if spot ETFs are approved.
However, there is something mentioned in the article that implies that spot ETFs might not be as bullish as we might expect. It is mentioned that the take up on futures ETF in Hong Kong has only been modest. I assume the take up on futures ETF in America has also only been modest? Can the data on bitcoin futures ETF be used as a precedent on how strong or weak spot ETFs might be?
The city is weighing retail-investor access to such spot ETFs providing regulatory concerns are met, Securities and Futures Commission Chief Executive Officer Julia Leung said.
The crypto sector sees ETFs as a way of making digital assets more mainstream since the funds are readily available to a variety of investors. Bitcoin has surged 110% this year partly on expectations that the likes of BlackRock Inc. will soon win permission to start the first US spot ETFs for the token.
Both Hong Kong and the US currently allow futures-based crypto ETFs, but the take-up has been modest compared to the overall size of the fund industry. The Asian city current lists the Samsung Bitcoin Futures Active, CSOP Bitcoin Futures and CSOP Ether Futures ETFs. They have combined assets of about $65 million.
Read in full https://finance.yahoo.com/news/hong-kong-mulls-allowing-spot-231014425.html
However, there is something mentioned in the article that implies that spot ETFs might not be as bullish as we might expect. It is mentioned that the take up on futures ETF in Hong Kong has only been modest. I assume the take up on futures ETF in America has also only been modest? Can the data on bitcoin futures ETF be used as a precedent on how strong or weak spot ETFs might be?
The city is weighing retail-investor access to such spot ETFs providing regulatory concerns are met, Securities and Futures Commission Chief Executive Officer Julia Leung said.
The crypto sector sees ETFs as a way of making digital assets more mainstream since the funds are readily available to a variety of investors. Bitcoin has surged 110% this year partly on expectations that the likes of BlackRock Inc. will soon win permission to start the first US spot ETFs for the token.
Both Hong Kong and the US currently allow futures-based crypto ETFs, but the take-up has been modest compared to the overall size of the fund industry. The Asian city current lists the Samsung Bitcoin Futures Active, CSOP Bitcoin Futures and CSOP Ether Futures ETFs. They have combined assets of about $65 million.
Read in full https://finance.yahoo.com/news/hong-kong-mulls-allowing-spot-231014425.html
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