Hong Kong Unveils Plans For Cryptocurrency ETF

Share post:

As cryptocurrency becomes more mainstream in the world, Hong Kong looks to join in with the announcement for plans to launch a crypto ETF looking to track popular cryptocurrencies like Bitcoin. The Hong Kong Securities and Futures Commission (SFC) has stated that they’re actively looking for a mechanism to ensure the appropriate laws are in place for launch. There’re are additional requirements for cryptocurrency ETFs due to the high volatility that comes with them.

ETF Newz Says:

Hong Kong has said they’re open to developing their fintech industry, looking into NFTs, the metaverse, and Web3.

Heavily Traded ETFs
SPDR S&P 500 - SPY
Invesco QQQ
Vanguard S&P 500 - VOO
Vanguard Total Market - VTI
Energy Select Sector - XLE

BNP Paribas Launches Sustainable Corporate Bond ETFs

BNP Paribas Asset Management has introduced two new exchange-traded funds (ETFs) focused on sustainable corporate bonds. The BNP...

BMO Launches Innovative Structured Outcome ETFs on Cboe Canada

BMO has partnered with Cboe Canada to introduce four new Exchange Traded Products (ETPs) catering to various investment...

ProShares Launches Groundbreaking Ether Strategy ETF and Dual Bitcoin-Ether ETFs

ProShares, a global leader in crypto-linked ETFs, is set to launch the ProShares Ether Strategy ETF (EETH), marking...

Bitwise Launches Ethereum Futures ETFs Amid Ethereum’s Surging Growth

Bitwise Asset Management, a leading crypto index fund manager in the United States, has announced the upcoming launch...