Cryptocurrency Q&A
Will Hong Kong create a bitcoin ETF?
Will Hong Kong create a bitcoin ETF?
Andrea
Mon Sep 09 2024
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7 answers
1541
Could you elaborate on the potential for Hong Kong to create a Bitcoin ETF? Are there any regulatory frameworks in place that would support such a move? Are there any major financial institutions or investors in Hong Kong expressing interest in such a product? Additionally, what are the potential benefits and risks associated with the creation of a Bitcoin ETF in Hong Kong?
7 answers
SsamziegangSerenadeMelody
Wed Sep 11 2024
However, Hong Kong's approach to Bitcoin ETFs is geared towards in-kind creation, meaning that investors will deposit Bitcoin and receive shares in the ETF in return.
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Silvia
Wed Sep 11 2024
This innovative approach presents a unique opportunity for the market, as it allows for direct exposure to Bitcoin without the need for cash transactions.
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InfinityEcho
Wed Sep 11 2024
By eliminating the cash intermediary, investors can potentially experience more efficient and cost-effective transactions.
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Chloe_martinez_explorer
Wed Sep 11 2024
Hong Kong is actively pursuing the development of a Bitcoin ETF that differs significantly from its US counterpart.
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ZenHarmony
Wed Sep 11 2024
In the United States, Bitcoin ETFs operate on a cash-only basis, where investors deposit cash and receive shares in the ETF, with the underlying asset being Bitcoin.
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