News with the tag "Spot bitcoin exchange traded fund"

Hong Kong regulators are likely to approve the first set of applications for spot bitcoin exchange-traded funds next week, making it possible that the products could be ready for an April launch, Reuters reported on Wednesday, citing two people familiar with the matter.

Asset Manager VSFG, together with its partners, Value Partners, have applied for a spot-bitcoin exchange-traded fund (ETF) with Hong Kong's Securities and Futures Commission (SFC), its Head of Investment & Products Brian Chan told CoinDesk on Wednesday.

South Korea’s ruling political party and its opposition party are making poll promises related to crypto ahead of the national elections later this year scheduled for April 10.

The approval of the spot bitcoin ETFs constituted a landmark event for the $1.7 trillion digital asset industry. With institutional investors on board, demand for bitcoin will grow significantly.

Venture Smart Financial Holdings is also aiming for a spot-bitcoin ETF and is involved in the discussions about the stablecoin sandbox.

The much-awaited approval of spot-bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) can give unprecedented momentum for similar regulatory approvals in and around Asia.

As the crypto industry matures, regulators have indicated they will continue to focus on crypto after the spot bitcoin ETF approvals.

The rise of bitcoin and ethereum, and more favorable macro conditions, could be good news for altcoins this year, says Todd Groth, head of research at CoinDesk Indices.

ETF approvals and a halving set for April will change the supply-and-demand dynamic of bitcoin, likely sending the price higher, says John Stec at Global X.

The clock for the SEC approval process of spot bitcoin exchange-traded fund (ETF) applications will begin Wednesday after all eight applicants, including BlackRock, were listed in the Federal Register.