Market News: The Hong Kong Securities and Futures Commission plans to announce the first batch of Bitcoin ETF spot listings by April 15th
PANews reported on April 10th that, according to exclusive information from different sources obtained by Tencent Finance's "Frontline", the Hong Kong Securities and Futures Commission urgently updated the list of virtual asset management funds in the early morning of April 10th. This is because it plans to announce the first batch of Bitcoin ETFs in Hong Kong before April 15th. The Hong Kong SFC originally planned to approve four Bitcoin ETFs in the first batch, including Harvest Fund, Bosera Funds, and Huili Financial besides GaoShi International. However, Bosera Funds and Huili Financial have not yet appeared on the list of virtual asset management funds updated by the Hong Kong SFC in the early morning of April 10.
According to Hong Kong's process, after approving its first batch of Bitcoin ETFs on April 15th, HKEX will need approximately two weeks for product listing preparations. But since detailed communication and planning with HKEX were done ahead during this project’s early stage, it is expected that everything can be completed within about ten days. The original plan was for these Bitcoin ETFs to be listed in Hong Kong around April 25 at latest by end-April.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wintermute’s Aggressive Liquidations Trigger Panic: 5 Cryptos Worth Risking Before Buyers Return to the Market
Once the Federal Reserve starts the rate hike cycle, is "three consecutive hikes" a reasonable expectation?
BMO expects consecutive rate hikes in October and December, with a total of three increases potentially wiping out all rate cut gains for 2025. Vanguard believes "three consecutive hikes" is a reasonable starting point, but the actual number could be as high as six. There are historical exceptions: in 1997, the Federal Reserve raised rates only once and took no further action for the following 18 months. Meanwhile, trillion-dollar debt financing by AI giants, private credit exposure in the insurance industry, and the 10-year U.S. Treasury yield approaching 5% are the most dangerous pressure points in this rate hike cycle.
Goldman Sachs Also Changes Its Tune: The Fed Will Raise Interest Rates Next Week!
Goldman Sachs has shifted from predicting a rate hold to betting on a 25 basis point hike next week, stating that this change is not due to particularly bad inflation data—the August CPI was not perfect, but it wasn’t alarming either. The real key is that hawkish comments from Waller have already shaped market expectations: "If the inflation data isn’t perfect, there will be a rate hike." If the Federal Reserve backs down now, its credibility will suffer a serious blow and long-term interest rates could react sharply and immediately.
Crypto prices
More
