ETF Tag

15 Apr Hong Kong’s first spot bitcoin and ether ETFs get conditional approval as city stakes a lead on such products

Posted at 12:00h in Asia

Hong Kong has approved the launch of exchange-traded funds (ETF) that invest directly in bitcoin and ether, the world’s two largest cryptocurrency tokens, as the city looks to secure a leading position in the volatile virtual asset sector.Mainland Chinese fund house Bosera Asset Management’s overseas...

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08 Apr China’s latest investment frenzy sparks wild swings in gold ETF

Posted at 08:00h in Asia

An exchange-traded fund (ETF) that owns gold companies has become the latest target of frenzied trading in China as investors pile into corners of the market seen as resilient to the country’s economic challenges.Trading for the ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF was halted...

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14 Mar Opinion | Bitcoin’s problems remain despite its remarkable staying power

Posted at 08:30h in Asia

Nearly half these gains have occurred since the beginning of this year. On January 10, the United States Securities and Exchange Commission (SEC) provided a major fillip to cryptoland by approving applications by a dozen or so firms, including Wall Street giants such as BlackRock...

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05 Mar Cryptocurrency: game-changing blockchain will need shrewd regulation to protect consumers, says Franklin Templeton boss

Posted at 11:15h in Asia

Blockchain is quickly shaking up the financial sector and, given the popularity of bitcoin exchange-traded funds (ETFs), regulators will need to step up their game when it comes to consumer protection and oversight of the burgeoning industry, according to the president and chief executive of...

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13 Feb Bitcoin back at US$50,000 as ETF approval, prospect of falling interest rates drive demand for cryptocurrency

Posted at 02:53h in Asia

Bitcoin jumped to US$50,000 for the first time in more than two years, staging a remarkable comeback from a series of cryptocurrency industry scandals and bankruptcies that had raised questions about the viability of digital assets.The original cryptocurrency has tripled in value since...

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31 Jan Gold demand to hit record with central-bank buying and Federal Reserve rate cuts, WGC says

Posted at 09:34h in Asia

Total gold demand hit a record last year and is expected to rise again in 2024 as the Federal Reserve moves towards cutting interest rates, potentially aiding prices, according to the World Gold Council (WGC).Overall consumption expanded about 3 per cent to 4,899 tons last...

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30 Jan Chinese fervour for overseas stocks is breaking ETF trading

Posted at 06:00h in Asia

Burned by years of underperformance in Chinese domestic stocks, local investor appetite for overseas equities is running so high that it’s fuelling huge price distortions in funds tracking these assets.Chinese traders are willing to pay as much as 40 per cent more than the value...

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17 Jan Chinese traders ignore warning in chase for Japanese stocks, bidding ETF to daily limit of 10%

Posted at 07:39h in Asia

Chinese investors have ignored a warning from the issuer of the largest onshore exchange-traded fund (ETF) tracking the Japanese market, bidding the fund higher as they chase gains in the stocks.The China AMC Nomura Nikkei 225 ETF rose to the daily limit of 10 per...

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