• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Analysis of Potential Chinese Impact on Bitcoin Spot ETFs by Bloomberg Analyst

user avatar

by Giorgi Kostiuk

a year ago


The Securities and Futures Commission in Hong Kong is planning to allow spot Bitcoin ETFs to have in-kind creation and redemptions during the second quarter of this year. This move comes as Harvest Global and Venture Smart Financial Holdings expressed interest in launching spot Bitcoin ETFs in the region. Although approvals are pending, Bloomberg Intelligence ETF analyst Rebecca Sin believes it is only a matter of time before these products are given the green light. Sin highlights that the SFC's approach of in-kind redemptions contrasts with the US, where cash-only refunds are prevalent for spot-based products. Bloomberg's Eric Balchunas predicts that this shift towards in-kind creation and buybacks in Hong Kong could attract more volume and assets under management in the area. In-kind redemptions are favored by both investors and issuers for its cost, tax, and liquidity benefits compared to cash redemptions, which result in higher taxes and trading expenses. This adjustment in redemption methods could potentially influence the growth of Bitcoin ETFs in the region.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Dogecoin Up 5.86% as Speculation Grows Around America Party Support

chest

Dogecoin has risen by 5.86% due to speculation surrounding Elon Musk's new political party and potential support for cryptocurrencies.

user avatarGiorgi Kostiuk

SEC Streamlines Investment Path for Crypto ETFs: What It Means?

chest

SEC introduces a new standard for reviewing crypto ETFs, potentially transforming the digital asset market.

user avatarGiorgi Kostiuk

Removal of Pump.fun Token Sale Page on Gate.io: Reasons and Consequences

chest

Gate.io has removed the PUMP token sale page for Pump.fun, raising questions about token economics and legal issues.

user avatarGiorgi Kostiuk

Ethereum and Little Pepe Predictions: How Bitcoin May Change the Market

chest

Ethereum may reach $18,500 while Little Pepe may hit $3 if Bitcoin rises to $300,000. An analysis of factors and conditions.

user avatarGiorgi Kostiuk

Ruvi AI: Promising Token with High Returns

chest

Ruvi AI stands out among other crypto projects with its high income potential and real-world applications.

user avatarGiorgi Kostiuk

Bitcoin Might Reach $150,000 Thanks to 'Diamond Hands'

chest

Long-term Bitcoin holders may drive the price to $150,000. Find out the details.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.