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Crypto ETFs in China, US banks and BTC ETFs, and the EU’s questions about crypto

The Hash Insider

Crypto continued its 8-week streak of consolidation after the early March top, with bitcoin (BTC) declining 4.0% and ether (ETH) falling 6.8%. Despite generally positive performance in stock markets, the movement by the two largest digital assets led the Nasdaq Crypto Index (NCI) to fall 4.8% for the week.


Crypto ETFs could become available to mainland China and Singapore

Hong Kong asset manager Harvest Global Investments aims to offer its recently-launched spot BTC and ETH ETFs to mainland Chinese investors, potentially tapping into China's vast investor pool. Harvest also partnered with Singapore-based fintech firm MetaComp to introduce crypto ETFs in Hong Kong. Both partnerships could trigger bullish sentiment as regulated crypto investment vehicles become available to most Asian investors.

 

Wells Fargo reveals investment In bitcoin ETFs

Recent filings with the US Securities and Exchange Commission (SEC) revealed that Wells Fargo, one of the largest American banks, held investments in BTC ETFs, a signal of the increasing interest and involvement in the crypto market by traditional banks.

 

EU regulator seeks opinions on crypto in regulated investment funds

The European Securities and Markets Authority (ESMA) is contemplating the inclusion of cryptocurrencies in its UCITS framework, potentially opening up a $12 trillion investment market to digital assets. This move signals a significant shift toward mainstream acceptance of crypto within the EU, potentially leading to increased investor interest and participation in the digital asset space in accordance with regional regulation.

 

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