* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, June 6, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

    California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

    Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

    California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

    Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Financial Titans Harvest Fund and Southern Fund Eye Bitcoin ETFs, Seek Approval in Hong Kong

April 9, 2024
in Business
Financial Titans Harvest Fund and Southern Fund Eye Bitcoin ETFs, Seek Approval in Hong Kong
Share on FacebookShare on Twitter

Two of China’s largest asset managers have applied to list Bitcoin spot ETFs in Hong Kong, hoping to side-step strict restrictions on cryptocurrency inside mainland China.
Crypto analysts anticipate an approval decision sometime in Q2 of this year, coinciding with a decision in the UK around the listing of Bitcoin spot ETNs.
Noelle Acheson, the former head of research at crypto lender, Genesis, says 2024 is shaping up as the ‘year of crypto ETFs’.

It looks like China is gearing up to enter the Bitcoin spot ETF fray. Two of the country’s largest asset managers, Harvest Fund and Southern Fund, submitted applications through their Hong Kong subsidiaries to launch new ETFs, according to Securities Times (in Chinese).

Related: Chinese Investors’ FOMO Craze Fuels Surge into US ETFs, Sparking Speculation about Crypto Influx

Both funds opted to apply in Hong Kong rather than mainland China because of the mainland’s near total bans on Bitcoin trading and mining; Hong Kong, by comparison, has a much more permissive stance.

These applications come after the Hong Kong Monetary Authority released a statement in December saying it would be willing to accept applications for cryptocurrency spot ETFs, which would theoretically be available to both institutional and retail investors.

Big Funds Could Make Big Waves With Bitcoin ETFs

Harvest Fund and Southern Fund are no small fry. Both manage well over US$200 billion in assets — around US$230 billion (AU$348 billion) for Harvest Fund and US$280 billion (AU$424 billion) for Southern Fund. 

Should their ETF applications be approved, it’s anticipated the sentiment around crypto, particularly Bitcoin, in China could shift. It could potentially trigger a softening of regulation and a significant upswing in both retail and institutional investment.

Writing in her weekly newsletter on March 30, crypto analyst and former head of research at crypto lending firm Genesis, Noelle Acheson, said that the Hong Kong listed Bitcoin spot ETFs may also allow for ‘in-kind’ redemption, unlike the US ETFs. She suggests this may be a good sign for the level of interest these ETFs will attract, as ‘in-kind’ redemption offers several tax and cost advantages. 

Acheson also says the fact that this kind of detail is leaking out suggests Hong Kong ETF approvals may be getting closer, and if they were to come soon “this would be a very big deal.”

Bloomberg’s Senior ETF analyst, Eric Balchunas, agrees the Hong Kong ETFs will likely allow ‘in-kind’ redemption, and suggests we may see approvals sometime during Q2 of this year — so before July. 

Related: Ilia Polosukhin Says NEAR Protocol Will Bring DeFi to Bitcoin and Other Chains Without Smart Contract Functionality

If this timeline plays out it would coincide with the expected approval of Bitcoin spot ETNs in the United Kingdom, and it’s also looking like Japan might approve Bitcoin spot ETFs sometime this year. As Acheson wrote in her newsletter, it really is starting to look like 2024 could be the year of crypto ETFs:

We will probably look back on 2024 as the Year of the Crypto ETFs. Sure, there will be other key industry milestones, such as new all-time highs, but the flurry of spot ETF listings is arguably an even bigger deal in terms of market impact.

Noelle Acheson, Crypto analyst

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CryptoNews.com.au – https://cryptonews.com.au/news/financial-titans-harvest-fund-and-southern-fund-eye-bitcoin-etfs-seek-approval-in-hong-kong-119677/

Tags: businessFinancialTitans
Previous Post

Ilia Polosukhin Says NEAR Protocol Will Bring DeFi to Bitcoin and Other Chains Without Smart Contract Functionality

Next Post

NEO Soars 40% as Founder’s ‘Rethinking Layer 1s’ Speech Makes Waves in Hong Kong Web3 Fest

India could become third largest economy in the world this year: Borge Brende – MSN

India Poised to Become the World’s Third Largest Economy This Year!

June 6, 2025
9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

June 6, 2025
Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

June 6, 2025
Graphics: China’s ecological, environmental quality keeps improving steadily – news.cgtn.com

Graphics: China’s ecological, environmental quality keeps improving steadily – news.cgtn.com

June 5, 2025
The Forgotten History (and Slippery Science) of Canola Oil – Eater

The Forgotten History (and Slippery Science) of Canola Oil – Eater

June 5, 2025

The White House Gutted Science Funding. Now It Wants to ‘Correct’ Research. – The New York Times

June 5, 2025
Celsius targets active lifestyles in brand’s largest campaign to date – Marketing Dive

Celsius Unleashes Its Boldest Campaign Yet to Energize Active Lifestyles!

June 5, 2025
Here Are The WFDF World Under-24 Ultimate Championships Pools – Ultiworld

Exciting Matchups Ahead: Discover the Pools for the WFDF World Under-24 Ultimate Championships!

June 5, 2025
Iowa GOP Chair responds to report ranking Iowa as state with worst economy – KCRG

Iowa GOP Chair responds to report ranking Iowa as state with worst economy – KCRG

June 5, 2025
Shows to Watch – The Advocate

Must-See Shows You Can’t Miss!

June 5, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (669)
  • Economy (684)
  • Entertainment (21,590)
  • General (15,266)
  • Health (9,725)
  • Lifestyle (686)
  • News (22,149)
  • People (684)
  • Politics (691)
  • Science (15,901)
  • Sports (21,187)
  • Technology (15,669)
  • World (669)

Recent News

India could become third largest economy in the world this year: Borge Brende – MSN

India Poised to Become the World’s Third Largest Economy This Year!

June 6, 2025
9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

June 6, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version