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The recently debuting Hong Kong Spot Bitcoin ETFs are now predicted to reach $1 billion in assets under management (AUM) by the end of 2024. Indeed, Kraken unit CF Benchmark made the forecast in a recent discussion with Bloomberg. The unit expressed its bullish stance on the investment vehicle’s performance by the end of the year. Moreover, they noted that success would not be limited to the United States, as it holds high hopes for Hong Kong’s recent offerings. Source: embca.com Also Read: Ethereum ETFs to Outdo Bitcoin ETF s in Hong Kong , Expert Predicts Kraken Unit Predicts $1 Billion in Assets for Hong Kong ETFs The digital asset market has seen the landmark approval of a host of Spot Bitcoin ETFs so far in 2024. Indeed, those approvals first began in the United States, where the US Securities and Exchange Commission (SEC) greenlit 11 investment vehicles. That marked the first such approval in the country. Subsequently, that was followed by approval ...

Hong Kong financial regulators have officially announced that its Bitcoin and Ethereum ETFs have been approved to begin trading on April 30th. Indeed, the date will see six of the digital asset investment products debut, according to Bloomberg analysts. The mainland Chinese city has seen its Securities and Futures Commission (SFC) approve the crypto-based ETFs earlier this month. Subsequently, the products are set to go from approval to trading in just 15 days. Their arrival is poised to offer increased convenience and security for Hong Kong’s cryptocurrency investors. JUST IN: Hong Kong 's #Bitcoin and Ethereum ETFs officially approved to begin trading on April 30th. — Watcher.Guru (@WatcherGuru) April 24, 2024 Also Read: Hong Kong Spot Bitcoin ETFs Expected to Launch in April Hong Kong Bitcoin and Ethereum ETFs to Start Trading April 30th In 2024, the United States made a landmark decision with the approval of 11 Spot Bitcoin ETF s. The US Securi...

CMCC Global, a pro-crypto venture capital firm, has launched a $100 million fund to support block chain start-ups in Hong Kong and across Asia. On October 4, CMCC completed the first round of its Titan fund, raising over $100 million from more than 30 investors.  Notable participants included Block.One, Pacific Century Group owned by Hong Kong tycoon Richard Li, Winklevoss Capital, Jebsen Capital, and Animoca Brands founder Yat Siu.  You might also like: Hong Kong arrests over JPEX crypto fraud increase to six people The fund will provide equity investments to early-stage block chain start-ups in Hong Kong.  It previously participated in the development of Animoca Brands, which is known as Mocaverse. In August, it was instrumental in the pre-seed funding round for Terminal 3, a Hong Kong-based web3 data infrastructure start- up.  Although the Titan fund does not focus exclusively on Hong Kong-based projects, it aims to invest in the best companies worldwide....

On Sep. 6, the Solana Foundation officially announced its partnership with the Crypto Fintech Lab at Hong Kong University of Science and Technology (HKUST) on X. The collaboration aims to offer Solana game courses at the lab, along with financial and technical support for students to gain industry knowledge and practical experience. HKUST is a globally recognized research university , boasting a top graduate employment rate in Hong Kong and ranking among the world’s top 30. It’s also known as one of Asia’s fastest-growing financial research institutions. 我們很高兴宣布@SolanaFndn與香港科技大學(HKUST)加密金融科技實驗室達成合作，Solana基金會將支持实验室開設Solana鏈上遊戲課程，為學生創新項目提供資金技術支持！ HKUST是國際著名的研究型大學，畢業生就業居香港榜首，全球前30。HKUST加密金融科技实验室是亞洲發展最快的加密金融研究機構之一。 pic.twitter.com/JYva5Xz5Kr — Solana 中文社群 (@Solana_zh) September 6, 2023 In July 2022, HKUST announced its plan to build the world’s first win physical-virtual campuses in the metaverse to help students who are split between the two school campuses,...