Alessio Quaglini’s Post

The imminent announcement of the first approvals for Spot Bitcoin ETFs in Hong Kong underscores the growing acceptance of cryptocurrencies within the financial industry. It is a testament to the increasing recognition of Bitcoin as a legitimate asset class and a store of value. What is next? #Web3 #Crypto #Bitcoin #FinancialServices

Happy Monday Folks! Start your week with our weekly reads. Visit mltech.ai and signup to receive latest market insights and updates. https://lnkd.in/dbcjFJTG - Nasdaq-listed Tiger Brokers has rolled out online cryptocurrency trading to Hong Kong, expanding its services to include 18 cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), alongside traditional securities and other global assets. https://lnkd.in/dfADmmnJ - Tether, a leading stablecoin operator, reported a record profit of $4.52 billion in Q1 2024. This exceptional financial performance was driven by gains on Bitcoin and gold holdings, as well as interest income from U.S. Treasury holdings. https://lnkd.in/dHFxCidC - Hong Kong's spot Bitcoin exchange-traded funds (ETFs) have achieved a significant milestone in their inaugural week, securing $230 million in assets under management (AUM). #digitalassets #trading #finance #crypto #mltech #hedge #institutional

Hong Kong Crypto ETFs Struggle is Real, says OSL Executive Some of the most striking issues that affect Hong Kong crypto ETFs are reported as follows by insiders. This comes as the financial hub seeks to establish itself as a global hub in the digital assets Author: Ishwa Junaid https://lnkd.in/e-zV2B6e #Cryptocurrency #News #cryptochallenges #HongKongCryptoETFs #HongKongCryptoRegulations

"Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said. That timeline would make Hong Kong Asia's first city to offer the popular ETFs and is much faster than industry expectations of launches sometime this year." #etfs #bitcoin #hongkong #cryptoregulation #cryptoassets #digitalassets

Yesterday saw the first trading day of crypto ETFs in Hong Kong. We now have institutional crypto products trading in multiple timezones covering different regions, another step forward in the maturation of this asset class. James Hume, Head of Business Development for APAC & EMEA commented: "At B2C2, our participation in the first Hong Kong Bitcoin ETF flows underscores our commitment to facilitating liquidity in the crypto market in the APAC region. By leveraging our advanced trading infrastructure and deep liquidity pools, we were able to efficiently handle a share of trading volumes, enabling investors to access Bitcoin exposure seamlessly. This milestone not only highlights the growing institutional interest in cryptocurrency but also showcases B2C2's role as a trusted liquidity provider in this evolving ecosystem in Asia." https://lnkd.in/eY_8xqtH

🪙 Regulators in Hong Kong approve Bitcoin, Ether ETFs 🪙 Hong Kong has approved several spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) applications, reinforcing its ambition to establish itself as a prominent regional crypto hub. 📄 Read the full article : https://hubs.la/Q02sTXKc0 #HongKongCryptoHub #BitcoinETF #EthereumETF #CryptoInvestment #BlockchainETF #CryptoHub #HKCrypto #DigitalAssets

Exciting news as Hong Kong launches its first spot cryptocurrency ETFs! Huge congratulations to the issuers and everyone involved in this significant milestone. The introduction of these ETFs marks notable progress for Hong Kong in establishing itself as a burgeoning hub for cryptocurrency trading in Asia. It’s commendable to see Hong Kong taking bold steps in this direction, especially in an evolving global financial landscape. However, it’s also important to put this into perspective. The day one trading volume of approximately US$12.7 million, while promising, stands in contrast to the explosive start seen by similar products in the US, where the first day’s trading exceeded $4 billion; highlights the varying levels of market maturity and scale of investor appetite across regions. #Cryptocurrency #ETFs #HongKong Hong Kong joins global crypto ETF race https://on.ft.com/3JDCyFd

Bitcoin ETFs Drive AUM Growth in Hong Kong Hong Kong is poised for a significant regulatory shift that could revolutionize Bitcoin investment opportunities in the city. Hong Kong is on the verge of a significant regulatory move that can potentially transform the landscape of Bitcoin investment opportunities around the city. As a break from the typical cash-only transactions in the US market, reports imply that authorities are considering allowing in-kind launches and redemptions for spot Bitcoin exchange-traded funds (ETFs). This would be a significant change from the current […] Bitcoin ETFs Drive AUM Growth in Hong Kong #Bitcoin #BitcoinETF #HashkeyGroup

Our CEO, Alessio Quaglini, has recently provided his insights in The Asset, spotlighting the strategic introduction of #crypto ETFs and positioning Hong Kong as a frontrunner in the digital asset domain. This development is a significant step toward the wider acceptance of digital assets throughout the region. "The green light for spot crypto ETFs is likely to fast-track the acceptance of such products in other key financial hubs across Asia. Hong Kong has undoubtedly established itself as an innovative financial center, potentially influencing China's stance towards cryptocurrency." Dive into the full article to discover how Hong Kong is influencing the future landscape of digital assets in Asia: https://lnkd.in/gPGBsUx9

Analysts say China-related tokens such as VeChain and Neo have been serving as proxy bets on Hong Kong's bid to become an Asian crypto hub. Amid speculation that Hong Kong regulators could soon approve spot bitcoin and ether exchange-traded funds, ETFs, both tokens have posted double-digit weekly gains. According to The Block's Prices Page, VeChain is up over 21% and Neo is up over 53% in the past week. "Especially for retail and fast money circles, VeChain and Neo are seen as proxies for Asian demand. Neo, for example, is known colloquially as 'Ethereum of China,'" Wintermute analysts told The Block. #vechain https://lnkd.in/eB3nQgaR