The Hong Kong Bitcoin ETF launch was in the top 20% of launches, and 77% of local crypto holders still plan to invest: Asia Express.
Six Hong Kong spot Bitcoin and Ether ETFs from three issuers have attracted a little over $200 million in assets under management since their launch on April 30. This disappointed many whose expectations were set sky high due to the billions of dollars solicited by U.S. spot Bitcoin ETFs within one week of their debut in January.
That said, not everyone is bearish on the ETFs’ prospects. According to a recent survey by Hong Kong crypto exchange OSL, 77% of crypto investors in the East Asian city plan to invest in the local spot Bitcoin and Ether ETFs. “With the support of the Cyber Security Detachment of the Changzhi Municipal Public Security Bureau, the Xiangyuan Cyber Police based on relevant clues finally identified the coin theft suspect as Lan, a native of Meizhou, Guangdong Province.
Users who do not withdraw assets after the closure will be debited “a custodian fee of USDT 20 or the equivalent in other virtual assets” with weekly snapshots starting from May 1. that the withdrawal may have involved various reasons, including a request to change the audit company or provide more information. The firm did not state an official reason for the withdrawal. “I will do my time, conclude this phase and focus on the next chapter of my life,” the former blockchain executive wrote.
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