Bitcoin ETF

Bitcoin

Spot

Bitcoin (BTC) and Ether (ETH) saw a wave of recovery on Monday as the global digital assets market grew by more than 3% in the last 24 hours. BTC and ETH are trading above $66,000 and $3,200, respectively.
The calm in the <a href="https://news.todayq.com/nearly-billion-dollars-wiped-out-in-crypto-liquidation-heres-how/" rel="noopener noreferrer nofollow">crypto market</a> comes following a period of market volatility triggered by geopolitical tensions. Iran launched a missile attack against Israel which was largely baffled by Israeli air defense systems. Bitcoin makes a comeback 
As per the data, Bitcoin price dropped below $62,000 as the market drop escalated amidst the geopolitical turmoil. However, tensions appear to have subsided following the US decision not to take part in an Israeli counter-attack on Iran.&nbsp;
A report shows that Polymarket traders suggest that there is likelihood of Israeli military action against Iran by April 15 has decreased to just 4%. It went down from a peak of nearly 57% which jumped in the aftermath of Iran’s missile attack.
Meanwhile, the crypto industry bagged a major win as <a href="https://news.todayq.com/hong-kong-nears-approval-for-bitcoin-ether-etfs-report/" rel="noopener noreferrer nofollow">Hong Kong</a> approved multiple spot Bitcoin and Ether exchange-traded funds (ETFs). This move has solidified Hong Kong’s position as an emerging crypto hub in the region.
As reported, China Asset Management’s Hong Kong unit has gained approval from the Securities and Futures Commission (SFC). It will now be able to offer retail asset management services linked to spot crypto ETFs. das
The other firm, Harvest Global Investments has received an in principle approval from the SFC for its two spot crypto ETFs in partnership with OSL. This will address concerns related to high margin requirements. A big win for crypto? 
Bosera Asset Management and HashKey Capital had confirmed receiving conditional approval for two spot crypto ETFs. However, they will be jointly managed by the pair. The two firms plan to launch the Bosera HashKey Bitcoin ETF and the Bosera HashKey Ether ETF. It will allow investors to subscribe using BTC and Ether directly.
Commenting on the development, Bosera stated, “The introduction of the Virtual Asset Spot ETFs not only provides investors with new asset allocation opportunities but also reinforces Hong Kong’s status as an international financial center and a hub for virtual assets.”
Unlike mainland China’s stringent stance on cryptocurrency trading and mining, Hong Kong has adopted a more welcoming approach towards crypto firms. Since launching its crypto licensing regime for trading platforms in June 2023, Hong Kong has granted licenses to two platforms, HashKey and OSL.

Bitcoin, Ether recovers as Hong Kong embraces spot ETFs

Todayq News

Other articles published on Apr 15, 2024

Bitcoin 'Will Resume Its Trend Higher,' Says Galaxy Digital CEO Amid Israel-Iran Escalation

Crypto expert explores bear market possibility as Bitcoin halving draws near

Bitcoin, Dogecoin Slip As Elon Musk’s Tesla To Layoff 15,000 Employees

Wormhole, Jupiter enthusiasts drawn to Kelexo P2P lending platform

XRP Finds Balance With 6% Resurgence, Here Are Key Catalysts to Watch

Exploring the Cryptos Experts Believe Will Surpass Solana!

Join our free newsletter for daily crypto updates!