Cryptocurrency Q&A
Will spot bitcoin ETFs be listed in Singapore?
Will spot bitcoin ETFs be listed in Singapore?
CryptoNinja
Sun Jul 07 2024
|
5 answers
1018
With the ever-growing popularity of cryptocurrencies and their potential for financial inclusion, many investors are eagerly awaiting the development of new investment vehicles. In Singapore, a financial hub renowned for its innovation and regulatory flexibility, the question remains: Will spot Bitcoin ETFs be listed in Singapore? This query arises given the recent trend of ETFs tracking physical assets, such as gold and commodities, and the significant interest in bitcoin as a digital asset. The listing of such an ETF in Singapore could potentially provide investors with a regulated and convenient way to gain exposure to bitcoin, without the need for direct ownership or custody. However, given the complex regulatory environment surrounding cryptocurrencies, it remains to be seen if and when such a product will materialize in Singapore's vibrant financial landscape.
5 answers
SakuraSmile
Tue Jul 09 2024
On a recent Wednesday, the Singapore Exchange (SGX) disclosed its stance on the SEC's decision in a statement to CNA.
Was this helpful?
233
70
KatanaSwordsmanship
Tue Jul 09 2024
The exchange emphasized that it has taken note of the SEC's decision regarding the approval of Bitcoin ETFs.
Was this helpful?
191
69
Federica
Mon Jul 08 2024
Notably, SGX clarified that spot Bitcoin ETFs are not currently approved for listing on its platform in Singapore.
Was this helpful?
252
80
Silvia
Mon Jul 08 2024
Despite this, the exchange indicated that it remains vigilant and is actively monitoring developments in the cryptocurrency sector.
Was this helpful?
186
49
SamsungShineBrightnessRadianceGlitter
Mon Jul 08 2024
This monitoring is aimed at staying abreast of any potential changes or advancements that may affect the exchange's operations and offerings.
Was this helpful?
156
63
