Global #crypto ETFs

On November 1, the Bitcoin Spot ETF experienced net outflows of $54.9 million, marking the first outflow after a week of steady inflows.

Balance, a long-established Canadian crypto custodian, has recently achieved qualified custodian status. This milestone marks a significant step towards bringing the safekeeping of Canadian-issued crypto ETFs back to domestic shores.

Despite global markets embracing crypto exchange-traded funds (ETFs), Japan remains cautious. The country, once seen as a crypto pioneer, has faced regulatory hurdles, primarily due to the scars of past scandals like Mt. Gox.

The year 2024 will undoubtedly be remembered as a pivotal moment in the history of cryptocurrencies. The approval of Bitcoin and Ethereum spot ETFs, a long-awaited development, marked a significant step towards mainstream adoption.

The crypto market has witnessed a significant shift as traditional hedge funds increasingly embrace digital assets. A recent report by the Alternative Investment Management Association (AIMA) and PwC reveals that nearly half of hedge funds in traditional markets are now involved in cryptocurrencies.

In a bid to keep pace with global trends and cater to rising institutional interest, the Thai Securities and Exchange Commission (SEC) has proposed new regulations allowing mutual and private funds to invest in digital assets.