Saturday, March 25, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Bitcoin Futures

Asia to Get Its First Bitcoin And Ether Futures ETFs Today

news by news
December 16, 2022
in Bitcoin Futures, Bitcoin News, Bitcoin Price Analysis, Ethereum Price Analysis, Hong Kong, News
0
Asia to Get Its First Bitcoin And Ether Futures ETFs Today
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Shytoshi Kusama Confirms Unification Addition In Shibarium Docs

Terra Luna Classic Controversial Proposal To Burn 235B LUNC From Community Pool

As per the latest development, a pair of Hong Kong exchange-traded funds (ETFs) investing in BTC and ETH futures has raised $79 million in total. This means Asian crypto investors are to get their first listed Bitcoin and Ether futures ETFs.

Later today, the CSOP Bitcoin Futures and CSOP Ether Futures ETFs will be listed. These ETFs have raised $59 million and $20 million in initial investments respectively, as per the statement issued by CSOP Asset Management Ltd.

This pair of Hong Kong exchange-traded funds investing in Bitcoin and Ether pushes ahead Hong Kong’s plans of becoming a crypto hub. Additionally, these new ETFs offer the region a regulated environment for accessing contracts traded on the CME Group platform.

During the 2021 bull run, cryptocurrency exchange-traded products were in massive demand due to the boon in token prices. However, amid the crypto winter of 2022 and strong regulatory action, the demand for these products has dropped as liquidity has dried up in the market. Also, institutional players are awaiting more regulatory clarity on the matter before participating.

Hong Kong Revives Plans of Becoming the Crypto Hub

Asia as such has been a friendlier destination for crypto firms to set up base. Over the last few years, Singapore was emerging as the most-preferred destination! However, with the implosion of the Terra ecosystem earlier this year, Singapore regulators have tightened their grip in the crypto space.

Seeing this as an opportunity, Hong Kong is willing to get back into the crypto space and capture the lost market. Earlier this year, Hong Kong laid out a plan to become Asia’s top crypto hub offering legalized retail trading and digital-asset ETFs.

Citing this year’s market crisis and bankruptcies, Hong Kong is keen on taking a regulated approach. As a result, they will be embracing a crypto rule book that offers compliance, transparency, and investor protection.

The post Asia to Get Its First Bitcoin And Ether Futures ETFs Today appeared first on CoinGape.

Related Posts

Shytoshi Kusama Confirms Unification Addition In Shibarium Docs
Altcoin News

Shytoshi Kusama Confirms Unification Addition In Shibarium Docs

March 24, 2023
Terra Luna Classic Controversial Proposal To Burn 235B LUNC From Community Pool
24/7 Cryptocurrency News

Terra Luna Classic Controversial Proposal To Burn 235B LUNC From Community Pool

March 24, 2023
Just In: Gary Gensler Lobbied In UK, Canada For Tightening Crypto Rules
24/7 Cryptocurrency News

Just In: Gary Gensler Lobbied In UK, Canada For Tightening Crypto Rules

March 24, 2023
Coinbase VP Hints At Other Countries Filling ‘Crypto’ Vacuum Left By US
Altcoin News

Coinbase VP Hints At Other Countries Filling ‘Crypto’ Vacuum Left By US

March 24, 2023
Binance Resumes Spot Trading After Temporary Maintenance
Altcoin

Binance Resumes Spot Trading After Temporary Maintenance

March 24, 2023
Breaking: Nasdaq To Offer Crypto Custody Services Soon Despite Regulatory Burden
24/7 Cryptocurrency News

Breaking: Nasdaq To Offer Crypto Custody Services Soon Despite Regulatory Burden

March 24, 2023
Next Post
Breaking: Are US Bank Freezing FTX Linked Bank Accounts?

Breaking: Are US Bank Freezing FTX Linked Bank Accounts?

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Will Price of Shiba Inu Coin (SHIB) Hit A New All Time Low In 2023?

Will Price of Shiba Inu Coin (SHIB) Hit A New All Time Low In 2023?

December 19, 2022
SBF’s Alameda Research Secretly Financed This Crypto News Website

SBF’s Alameda Research Secretly Financed This Crypto News Website

December 9, 2022
Top 10 Cryptocurrencies For Long Term Investing In February 2023

Top 10 Cryptocurrencies For Long Term Investing In February 2023

February 3, 2023
Bitcoin (BTC) To Slide Below $20K Amid Strong Economic Data?

Bitcoin (BTC) To Slide Below $20K Amid Strong Economic Data?

March 9, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In