Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Hong Kong Approves Bitcoin ETF

April 16, 2024
Reading Time: 2 mins read
in News
Hong Kong Approves Bitcoin ETF

The Hong Kong Securities and Futures Commission (SFC) has granted conditional approvals to three offshore Chinese asset managers for the issuance of spot Bitcoin and Ether ETFs. Analyst Balchunas downplays optimistic projections, citing Hong Kong’s relatively small ETF market and restricted access for Chinese retail investors. Despite expectations of limited inflows, analyst Jamie Coutts anticipates these ETFs will tap into a significant pool of capital from Chinese investors adept at navigating government-imposed capital controls.

Balchunas highlights the challenges faced by these ETFs, including their small scale relative to major asset management firms like BlackRock and the less efficient capital environment in Hong Kong. He predicts that fees for these ETFs could range from 1-2%, significantly higher than those in the U.S. market. Coutts, however, emphasizes the potential for these products to attract substantial investment from Chinese investors, leveraging an in-kind creation model approved by the Hong Kong FSC.

The approval of spot Bitcoin and Ether ETFs in Hong Kong marks a significant development in the cryptocurrency market, expanding access to these assets for institutional and retail investors in the region. While Balchunas remains cautious about the immediate impact of these ETFs, Coutts sees them as a gateway to a substantial influx of capital from Chinese investors seeking exposure to digital assets. As the ETFs prepare for launch under the approved in-kind creation model, stakeholders will closely monitor their performance and their broader implications for the cryptocurrency landscape.

Reference:
  • Hong Kong Approves Offshore Bitcoin Exchange-Traded Funds
Tags: April 2024BitcoinChineseCyber NewsCyber News 2024Cyber threatsCybersecurityEther ETFsHong KongSecurities and Futures CommissionSFC
ADVERTISEMENT

Related Posts

US Bill To Block Foreign Adversary AI

US Bill To Block Foreign Adversary AI

June 26, 2025
US Bill To Block Foreign Adversary AI

INTERPOL Reports Africa Cybercrime Surge

June 26, 2025
US Bill To Block Foreign Adversary AI

Google Gives AI Protocol To Linux Foundation

June 26, 2025
New Defensive Methods Stop Crypto Botnets

US Cyber Sharing Law Nears Expiration

June 25, 2025
New Defensive Methods Stop Crypto Botnets

G7 Backs New Global Cybersecurity Fund

June 25, 2025
New Defensive Methods Stop Crypto Botnets

New Defensive Methods Stop Crypto Botnets

June 25, 2025

Latest Alerts

Fake Job Offers Hide North Korean Malware

New Malware Uses Prompts To Trick AI Tools

New Zero Day Flaw Hits Citrix NetScaler

Hackers Abuse Trezor Support For Phishing

FileFix Attack Turns Explorer Into Weapon

OneClik Malware Attacks Energy Sector Firms

Subscribe to our newsletter

    Latest Incidents

    Resupply DeFi Protocol Hacked For $9.6M

    Cyberattack Hits South Tyrol Emergency Ops

    UK’s Glasgow City Council Hit By Cyberattack

    Columbia University Probes Major IT Outage

    Mainline Health Breach Hits 101,000 Patients

    Porto Nacional City Hall Hit by Ransomware

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial