Global #ETFs

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.