Hong Kong's Stock Exchange to launch Asia's first inverse Bitcoin ETF tomorrow, providing a new tool for traders to hedge risk and speculate on Bitcoin's volatility.
Spot Bitcoin ETFs in the U.S. recorded their largest daily inflow in almost a month on Monday at $129 million, marking a bullish sign for Bitcoin as historically positive July seasonality approaches.
Bitcoin exchange-traded products from WisdomTree and 21Shares begin trading on the London Stock Exchange, marking the first regulated Bitcoin ETPs listed in the UK.
Vanguard names former BlackRock crypto ETF lead as new CEO, sparking speculation of a pivot towards embracing bitcoin products after years of opposition.
With Hong Kong asset managers somewhat reluctant to submit applications for the new ETF, a series of multibillion-dollar firms from Mainland China have entered the market.
The scale of inflows to the ETF could provide enough demand side volume to negate the traditional price volatility caused by increasing sell volume as price rises.
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