The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

As Hong Kong’s Bitcoin ETF is fast approaching, new applications have come in from an unexpected source: some of the biggest traditional asset managers in Mainland China.

Hong Kong’s new ETF has been in the making for several months now, and it’s been attracting no small amount of interest in the digital asset space worldwide. Not only is its in-kind generation model a totally different protocol than the style of Bitcoin spot ETF popularized by the United States, but it’s also an important foothold for ETF acceptance in East Asia. The already-approved Hong Kong futures ETF’s total assets under management (AUM)



Source link