Pacific

Bitcoin

April

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Wintermute is set to provide liquidity for Hong Kong’s spot Bitcoin and Ether exchange-traded funds (ETFs).</li>
 <li>Bitcoin and Ether ETFs in Hong Kong are managed by China Asset Management, Harvest Global, Bosera, and HashKey.</li>
</ul>
<p>Wintermute, a prominent player in the crypto market, has revealed its plans to enhance liquidity for Hong Kong’s spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://crypto.ro/en/cryptocurrencies/ethereum/" rel="noopener noreferrer nofollow">Ether</a> ETFs. The move is aimed at expanding Wintermute’s footprint in the Asian crypto markets.</p>
<h2 id="collaboration-with-osl-and-hashkey">Collaboration with OSL and HashKey</h2>
<p>In its recent announcement, Wintermute expressed its intention to collaborate with OSL and HashKey. Both are sub-custodians for the spot crypto ETFs in Hong Kong. The collaboration will focus on the purchase, sale, and delivery of underlying Bitcoin and Ether for the ETFs.</p>
<p>Wintermute’s CEO, Evgeny Gaevoy, stressed the importance of ETFs in attracting the next wave of investors to the crypto space. He also highlighted the vital role of liquidity providers like Wintermute in making this possible.</p>
<h2 id="hong-kong-s-crypto-advocacy">Hong Kong’s Crypto Advocacy</h2>
<p>Gaevoy commended Hong Kong’s efforts in promoting crypto in the Asia Pacific region. He expressed hope that other nations would follow suit.</p>
<p>Six spot Bitcoin and Ether ETFs managed by China Asset Management, Harvest Global, Bosera, and HashKey were officially launched in Hong Kong on April 30. On the first day, the three Bitcoin ETFs experienced their first cumulative daily Bitcoin outflows, primarily from China Asset Management’s ETF.</p>
<p>The trading volume of the three Bitcoin ETFs reached $8.6 million on the first Monday, compared to $9.74 million on the first trading day. The three Ether ETFs recorded a trading volume of $1.8 million on the same Monday, down from $2.99 million on April 30.</p>
<p>As of the first Monday, the three Bitcoin ETFs held approximately 4,150 bitcoins. The total net assets increased to $266.8 million from $247.7 million on the first day.</p>

Wintermute Pledges Liquidity Aid for Hong Kong’s Bitcoin & Ether ETFs

Table of Contents

crypto.ro global

Other articles published on May 8, 2024

New Development in the Ripple (XRP) Case: SEC Used Its Last Trump card and Requested an Injunction!

SEC Chair Gensler Faces Critique from Crypto Community Again

Uber (UBER) Stock Tumbles: Q1 Bookings Miss and Unexpected Loss Shakes Investor Confidence

Current Trends and Predictions in Cryptocurrency Markets

BlockDAG’s 30,000x ROI Projection Places it Among Top 4 Cryptos with Best Profit Potential, Along...

Best Meme Coins To Buy Today Tuesday, May 7 – Snek, 404Aliens, PepeFork, Dogeverse

Join our free newsletter for daily crypto updates!