Bitcoins in, ETFs out

aaxcas.eth@newsletter.paragraph.com (aaxcas.eth) — Wed, 24 Apr 2024 04:20:22 GMT

Analysis: Hong Kong may adopt the opposite approach to the United States to create a spot Bitcoin ETF BlockBeats news, on March 26, according to Cointelgraph, Bloomberg ETF analyst Rebecca Sin released a latest research report showing that Hong Kong is expected to achieve the creation and redemption of spot Bitcoin ETFs in the second quarter of this year, which may be a significant market. Opportunity to significantly increase the assets under management (AUM) and trading volume of Bitcoin ETF issuers in the region. The report stated that Hong Kong’s goal may be to use physical Bitcoin to create ETFs, which is completely different from the United States. The United States only allows the use of cash, that is, “cash in, Bitcoin ETFs out”, while Hong Kong’s is “Bitcoins in, ETFs out.”