Global #ETFs

Following bitcoin's decline below $61,000 on Friday, spot bitcoin and ether exchange-traded funds (ETFs) listed in Hong Kong experienced significant outflows on Monday.

The landscape surrounding blockchain technology and the crypto industry has undergone a notable transformation, particularly in gaining acceptance among major financial institutions

Bitcoin (BTC) has been lingering around the $62,000 price mark for an extended period. Nevertheless, there is a possibility of the situation worsening for the leading cryptocurrency in the near future.

Investor apprehension regarding potential Federal Reserve interest rate reductions remains prevalent, as withdrawals from the Grayscale Bitcoin ETF (GBTC) resume. This trend indicates a cautious sentiment prevailing in the market.

JPMorgan Chase, the leading US bank, has disclosed its investment in spot Bitcoin exchange-traded funds (ETFs) in a recent submission to the Securities and Exchange Commission (SEC).

Harvest Global Investments, the firm behind the introduction of Hong Kong's first Bitcoin and Ethereum ETFs, is planning to extend these investment vehicles to mainland Chinese investors through the Hong Kong Stock Connect.

On Wednesday, investors sold out U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) at the fastest rate possible, despite Jerome Powell, the head of the Federal Reserve (Fed), discounting the likelihood of a rate hike.

Hong Kong issuers of exchange-traded funds are unconcerned about the US crackdown on cryptocurrencies leading regulators to label Ether ETH as a security.

As the Australian financial industry is ready to welcome a fresh wave of Bitcoin exchange-traded funds (ETFs), it is in position for a seismic shift. This announcement followed successful models in the US and, soon to be, Hong Kong.

Exchange-traded funds (ETFs) exposed to Bitcoin or other cryptocurrencies will not receive any collateral from the Depository Trust and Clearing Corporation (DTCC), a financial services provider that handles clearing and settlement for the financial markets.

In the early afternoon of East Asia's trading day, Bitcoin (BTC) is trading above $64,000 despite a notable increase in withdrawals from bitcoin exchange-traded funds (ETFs).

American economist and gold bug Peter Schiff has interpreted the fact that the majority of the assets in the cryptocurrency industry are losing money as a sign that Bitcoin (BTC) is headed for collapse, issuing a particularly grim warning to owners of spot BTC exchange-traded funds (ETFs).