Cryptocurrency Q&A
Did Hong Kong approve the in-kind creation model for bitcoin & ether ETFs?
Did Hong Kong approve the in-kind creation model for bitcoin & ether ETFs?
Carlo
Fri Jul 12 2024
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7 answers
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Has Hong Kong officially given its nod to the in-kind creation model for Bitcoin and Ether Exchange-Traded Funds (ETFs)? The decision would likely have significant implications for the cryptocurrency market in the region, potentially opening the door for more mainstream investment vehicles and increased liquidity. Are there any official announcements or statements from the Hong Kong Securities and Futures Commission (SFC) that confirm this development? And if so, what are the key details and implications of this approval? It's a question that many in the industry are eager to have answered as it could pave the way for a more regulated and accessible crypto market in Hong Kong.
7 answers
Federico
Sat Jul 13 2024
The Hong Kong securities regulator has reportedly opted for an in-kind creation model for Bitcoin and Ether ETFs, differing from the cash-create model adopted in the United States.
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Silvia
Sat Jul 13 2024
Patrick Pan, the chairman of OSL, a digital asset platform based in Hong Kong, has commented on the decision, highlighting its potential to bring more legitimacy and transparency to the cryptocurrency market.
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DigitalDynasty
Sat Jul 13 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures contracts, and digital wallets.
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GeishaGrace
Sat Jul 13 2024
This decision marks a significant development in the cryptocurrency market in Hong Kong, as ETFs are poised to provide investors with a more accessible and regulated way to enter the digital asset space.
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Andrea
Sat Jul 13 2024
These services cater to a diverse set of investors, from retail traders to institutional investors, providing them with access to the cryptocurrency market in a secure and regulated environment.
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