May 15, 2024
Crypto

Hong Kong needs to speed up approval of spot cryptocurrency exchange-traded funds after US launch, industry insiders say

Eleven spot bitcoin ETFs – including BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust and ARK 21Shares Bitcoin ETF, among others – began trading on Thursday, following the US Securities and Exchange Commission’s landmark approval that is expected to help bring the cryptocurrency industry closer to the more regulated world of traditional finance. Blackrock representatives ring

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Funds

Fund Managers Reveal Fees Ahead Of Possible Approval

Topline Several applicants seeking to launch bitcoin exchange-traded funds cut their proposed fees on the ETFs, as the battle for control of the much-anticipated asset class heats up ahead of U.S. regulators’ expected approval of the first-of-their-kind crypto funds Wednesday. Key Facts BlackRock and Ark Invest slashed their fees for their proposed spot bitcoin ETFs

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