multiple Hong Kong Bitcoin exchange-traded fund (ETF) applicants including China Asset Management, Vocera Capital and others post on social media platforms In WeChat (Weixin), was approved List spot Bitcoin and Ether ETFs. However, these announcements appear to be a foreshadowing of official statements from the Securities and Futures Commission (SFC), which has not published a list of approved issuers. Some posts have since been deleted. Singapore-based analytics firm 10x Research said in a note that there is a 100% chance that Hong Kong will not be the last jurisdiction to approve Bitcoin ETFs, with more jurisdictions likely to follow. Ta. “This will be a further demand driver for Bitcoin from various countries that may approve spot ETFs, namely Australia, Japan, South Korea and the UK,” the company said.
Bitcoin rose 3% on Monday after falling to $61,300 over the weekend. Some analysts said the weekend decline was due to geopolitical tensions. “The price decline over the weekend was due to geopolitical tensions in the Middle East, with market sentiment improving following the announcement of a suspension of hostilities between the countries involved,” said Matteo Greco, research analyst at Finekia. . He also noted that the upcoming Bitcoin halving could trigger a short-term “sell the news” reaction around the event. On Monday, Render (RNDR), a GPU marketplace where users can donate computing power to their 3D rendering projects and earn tokens in return, also saw a series of altcoins gain, jumping 19%. Ondo Finance's ONDO also rose, rising 18% in the past 24 hours.
The Staatsbank Baden-Württemberg (LBBW) is Germany's largest government-backed financial institution. offer Crypto asset storage service in partnership with Austrian exchange platform bit panda. The two companies have entered into a strategic partnership that will provide LBBW with an “investment-as-a-service” infrastructure for “custodial and sourcing of cryptocurrencies” including Bitcoin (BTC) and Ether (ETH). It turns out. Stephanie Muntz, member of the LBBW Board of Directors responsible for Finance, Strategy and Operations, said: “By providing custody services for crypto assets, we are ensuring the highest security standards while delivering clear added value to our corporate customers. We are in a position to provide that.” Press statement. “Bitpanda provides the necessary technical and regulatory infrastructure to offer our customers innovative and above all secure solutions in the field of digital assets.”
