Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $ 228 million in net assets. Inconsistent Inflows and Outflows Mark Hong Kong Bitcoin ETFs’ First Weeks On Thursday, the spot bitcoin ETFs in Hong Kong experienced net negative outflows of approximately 104.79 …
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have advanced the digital yuan (e-CNY) pilot for payments, aiming to increase e-CNY wallet usage in Hong Kong. Residents can now set up and top up wallets via the Faster Payment System (FPS), marking the first global linkage of a faster payment […]
A businessman from Hong Kong, linked to four individuals implicated in the kidnapping of a cryptocurrency investor, was recently taken into custody after surrendering to law enforcement. Authorities allege that the vehicle used in the investor’s abduction is owned by the businessman’s family. Crypto Investor Fails to Repay More Than $ 1.9 Million Hong …
PRESS RELEASE. As a part of Bitcoin Asia Week 2024, the “Scaling Bitcoin Together” event will take place on May 11, 2024, in Hong Kong. This event will bring together top blockchain experts to discuss how to grow the Bitcoin ecosystem. The “Scaling Bitcoin Together” aims to foster discussions that propel the development of the […]
Hong Kong’s debut of six spot bitcoin and ethereum exchange-traded funds (ETFs) garnered HK$ 87.5 million ($ 11 million) on their first day, April 30. However, these ETFs underperformed compared to their U.S. counterparts, which had attracted a much larger sum of $ 4.6 billion on their initial day. Despite High Hopes, …