Asia's first bitcoin and ether ETFs gain in their Hong Kong debut (Communities - News & Events)
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Asia's first bitcoin and ether ETFs gain in their Hong Kong debut | |
Christina Choi, leader overseer of the Protections and Fates Commission (SFC), called the item debut an achievement in Hong Kong's ETF market, yet in addition hailed gambles. "Virtual resources are very speculative and profoundly unpredictable… so I advise you that such resources are not appropriate for all financial backers," Choi told the send off occasion on Tuesday. The send off of the ETF additionally put Hong Kong in direct rivalry with the US for crypto financial backers. U.S. spot bitcoin ETFs have drawn in about $12 billion in net inflows, adding to a flood in bitcoin's cost recently. Yet, U.S. controllers have not yet supported ETFs that track ether spot costs. | |
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2024-05-16 (0.391 sec)