What is Singapore's first spot bitcoin fund?
Could you elaborate on Singapore's first spot bitcoin fund? I'm curious to understand its significance, its operational structure, and how it fits into the country's regulatory landscape for cryptocurrency. How is this fund structured and who is the target investor? How does it differ from other cryptocurrency investment vehicles? What are the potential risks and rewards for investors? And finally, how does this fund contribute to Singapore's growing status as a financial hub, particularly in the digital currency sphere?