etf
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Hong Kong has approved the first Bitcoin and Ethereum Spot ETFs, what do investors need to know? Explain how prices might react, key influencing factors, and investment strategies.
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BTC, ETH Rise As Hong Kong Bitcoin ETF Applicants Say They've Been Approved
Bitcoin {{BTC}} has risen 2.8% over 24 hours, trading above $66,500, and ether {{ETH}} has advanced to $3,240, according to CoinDesk Indices data, as multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds (ETFs).
China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. Some of the posts have since been deleted.
The SFC did not return emails or phone calls asking for comment.
Singapore-based digital assets trading house QCP Capital said in a message shared with CoinDesk that it believes the ETFs, when approved, will unlock some institutional demand during Asia trading hours.
"Participants who wanted exposure have always been limited to US hours, but this now gives institutional investors an Asia-based alternative," QCP wrote. "We believe this will be bullish short term, but there are more important narratives and drivers such as macro events."
China Asset Management, Bosera Capital and other applicants posted to social-media platform WeChat (Weixin) that they had been approved to list spot bitcoin and ether ETFs in Hong Kong. However, these announcements seem to have front-run an official statement from the Securities and Futures Commission (SFC), which has not posted a list of approved issuers. Some of the posts have since been deleted.
The SFC did not return emails or phone calls asking for comment.
Singapore-based digital assets trading house QCP Capital said in a message shared with CoinDesk that it believes the ETFs, when approved, will unlock some institutional demand during Asia trading hours.
"Participants who wanted exposure have always been limited to US hours, but this now gives institutional investors an Asia-based alternative," QCP wrote. "We believe this will be bullish short term, but there are more important narratives and drivers such as macro events."
1. The Hong Kong spot Bitcoin ETF saw an inflow of approximately $31 million yesterday.
2. There was a net inflow of $14 million into BITB$BITB yesterday.
3. Consideration is being given by the US Wisconsin Pension Plan to increase its investment in spot BTC$BTC ETFs.
4. The central bank of Qatar has commenced a CBDC project.
5. May data reveals the creation of nearly 500,000 tokens on the Solana blockchain.
#btc #etf
2. There was a net inflow of $14 million into BITB$BITB yesterday.
3. Consideration is being given by the US Wisconsin Pension Plan to increase its investment in spot BTC$BTC ETFs.
4. The central bank of Qatar has commenced a CBDC project.
5. May data reveals the creation of nearly 500,000 tokens on the Solana blockchain.
#btc #etf
Bitcoin ETF Net Inflow Update – June 3, 2024
The Bitcoin Spot ETF Net Inflow on June 3, 2024, is recorded at $105M!
Here are some key updates on the statistics of 10 Bitcoin Spot ETFs:👇
The net inflow has been negative for 3 consecutive trading days.
The cumulative total net inflow after 74 trading days dropped further to $11.99M, the lowest level in the past 21 trading days.
Both Grayscale (GBTC) and #BlackRock (IBIT) recorded a single-day net flow of $0.
The highest single-day inflow belonged to #Fidelity (FBTC), with $77M.
$BTC #etf #data
The Bitcoin Spot ETF Net Inflow on June 3, 2024, is recorded at $105M!
Here are some key updates on the statistics of 10 Bitcoin Spot ETFs:👇
The net inflow has been negative for 3 consecutive trading days.
The cumulative total net inflow after 74 trading days dropped further to $11.99M, the lowest level in the past 21 trading days.
Both Grayscale (GBTC) and #BlackRock (IBIT) recorded a single-day net flow of $0.
The highest single-day inflow belonged to #Fidelity (FBTC), with $77M.
$BTC #etf #data
Bloomberg analyst Eric Balchunas clarified that Monochrome's Bitcoin ETF is not Australia's inaugural spot BTC ETF. He noted that Global X and 21Shares have had a spot Bitcoin ETF trading on CBOE for two years, with $72 million in assets. Additionally, VanEck is awaiting approval to launch its own Bitcoin ETF on the Australian Securities Exchange (ASX), which would be the first on that exchange.
#btc #bitcoin #etf #btcetf
#btc #bitcoin #etf #btcetf
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BITCOIN ON JUNE 1 – THE END OF THE CORRECTION FOR BTC?
A good time to buy? – While the price of Bitcoin has been in a correction phase for more than 80 days now, should we think about accumulating? In any case, this is the behavior that long-term holders have decided to adopt. Let us not forget that these operators are aiming for the long term, and that the MVRV of these entities indicates that a continuation of the transition phase is to be favored. After a negative month of April, BTC closed the month of May in green. Here is the Bitcoin newsletter!
#Binance #Bitcoin #etf $BTC
A good time to buy? – While the price of Bitcoin has been in a correction phase for more than 80 days now, should we think about accumulating? In any case, this is the behavior that long-term holders have decided to adopt. Let us not forget that these operators are aiming for the long term, and that the MVRV of these entities indicates that a continuation of the transition phase is to be favored. After a negative month of April, BTC closed the month of May in green. Here is the Bitcoin newsletter!
#Binance #Bitcoin #etf $BTC
İnvesco and Galaxy filed an updated version of the Spot Ethereum ETF S-1 application.
VanEck has filed its updated S-1 filing for the Spot Ethereum ETF.
#etf #ETHETFsApproved $ETH
VanEck has filed its updated S-1 filing for the Spot Ethereum ETF.
#etf #ETHETFsApproved $ETH
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LIVE10U发家
--
Guide to Safely Registering a Binance Account $BNB $ETH $BTC
1. Visit the official registration page
* Binance China registration page: https://www.suitechsui.io/join?ref=A9VD4338
* Binance International registration page: https://www.binance.com/join?ref=A9VD4338
2. Fill in basic information
* Email address: Provide a valid email address to receive verification emails and important notifications.
* Login password: Set a strong password. It is recommended to contain uppercase and lowercase letters, numbers, and special characters to enhance account security.
* Referral code (optional): Use referral code A9VD4338 to receive rebates and rewards.
3. Complete email verification
* Check your mailbox, find the verification email sent by Binance, and click the link in it to complete the verification process.
4. Set up account security
* After logging in to your Binance account, go to the security settings page
* Enable two-factor authentication (2FA): This is a key step to increase the security of your account. You can use Google Authenticator or SMS verification.
* Set up an anti-phishing code: This will help you identify real Binance emails and avoid phishing attacks.
5. Complete identity verification (KYC)
* Upload your identity documents, such as ID card or passport photos, according to the platform's instructions, and ensure that the information is clear and authentic.
* After passing the KYC process, your account will have higher security and higher withdrawal limits.
6. Fund deposit
* After completing the account settings, go to the deposit page.
* Select a suitable payment method, such as bank transfer, credit card or other supported payment methods, and deposit funds to start trading.
7. Download the official app
* Android App: https://download.wqwlmxx.xyz/pack/BNApp64.apk
* iOS App: https://www.suitechsui.io/zh-CN/download-guide
8. Use the C2C trading platform
* Log in to your Binance account and go to the C2C trading page.
* Select the cryptocurrency you want to buy or sell, such as Bitcoin (BTC) or Ethereum (ETH)
Please note:
* When registering a Binance account, always use the official registration page and beware of fake websites.
* Set a strong password and enable two-factor authentication to ensure your account security.
* Complete identity verification (KYC) to get higher account security and withdrawal limits.
* Carefully read Binance's Terms of Use and Service Agreement to understand the relevant regulations.
1. Visit the official registration page
* Binance China registration page: https://www.suitechsui.io/join?ref=A9VD4338
* Binance International registration page: https://www.binance.com/join?ref=A9VD4338
2. Fill in basic information
* Email address: Provide a valid email address to receive verification emails and important notifications.
* Login password: Set a strong password. It is recommended to contain uppercase and lowercase letters, numbers, and special characters to enhance account security.
* Referral code (optional): Use referral code A9VD4338 to receive rebates and rewards.
3. Complete email verification
* Check your mailbox, find the verification email sent by Binance, and click the link in it to complete the verification process.
4. Set up account security
* After logging in to your Binance account, go to the security settings page
* Enable two-factor authentication (2FA): This is a key step to increase the security of your account. You can use Google Authenticator or SMS verification.
* Set up an anti-phishing code: This will help you identify real Binance emails and avoid phishing attacks.
5. Complete identity verification (KYC)
* Upload your identity documents, such as ID card or passport photos, according to the platform's instructions, and ensure that the information is clear and authentic.
* After passing the KYC process, your account will have higher security and higher withdrawal limits.
6. Fund deposit
* After completing the account settings, go to the deposit page.
* Select a suitable payment method, such as bank transfer, credit card or other supported payment methods, and deposit funds to start trading.
7. Download the official app
* Android App: https://download.wqwlmxx.xyz/pack/BNApp64.apk
* iOS App: https://www.suitechsui.io/zh-CN/download-guide
8. Use the C2C trading platform
* Log in to your Binance account and go to the C2C trading page.
* Select the cryptocurrency you want to buy or sell, such as Bitcoin (BTC) or Ethereum (ETH)
Please note:
* When registering a Binance account, always use the official registration page and beware of fake websites.
* Set a strong password and enable two-factor authentication to ensure your account security.
* Complete identity verification (KYC) to get higher account security and withdrawal limits.
* Carefully read Binance's Terms of Use and Service Agreement to understand the relevant regulations.
BlackRock's spot Bitcoin ETF $IBIT has surpassed GBTC to become the world's largest Bitcoin ETF.
#ETHETFsApproved #btc #etf $BTC #BlackRock
#ETHETFsApproved #btc #etf $BTC #BlackRock
