Why Hong Kong Bitcoin ETFs Matter, According To 10x Research
Hong Kong’s recent approval of Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH) exchange-traded funds (ETFs) for trading is a significant development in the world of digital assets. That’s according to a new research report by 10x Research, which highlights that the approved ETFs, managed by prominent firms such as China Asset Management and HashKey, are distinct for their inclusion of Ether and the use of in-kind redemptions. These offer investors benefits like lower transaction costs and reduced risks compared to their US counterparts. According to the report, Hong Kong’s decision is part of a …