Hong Kong

Bitcoin spot Exchange-Traded Funds (ETFs) experienced a substantial outflow of funds, totaling $162 million on Tuesday, according to financial analytics firm SoSoValue. What Happened: The Grayscale Bitcoin Trust (OTC:GBTC) alone saw a withdrawal of $93.2277 million, contributing significantly to...

Key Takeaways: Sunho Biologics has no revenue or licensing income to draw on, making a loss of 133 million yuan last year as all its products remain at the R&D or clinical stage The company is rumored to be targeting just $50 million in proceeds, only a third of the $150 million it was thought...

BlackRock‘s iShares Bitcoin Trust (NASDAQ:IBIT) has seen its record-breaking streak of inflows come to an end on Wednesday. What Happened: According to data from SoSoValue, IBIT recorded no net inflows for the day, snapping a 71-day stretch of continuous investment. On Wednesday, spot...

The demand for Bitcoin spot exchange-traded funds (ETFs) continues to rebound, with significant inflows recorded on Tuesday. What Happened: This trend coincides with news that Hong Kong is poised to launch its own Bitcoin ETFs, potentially becoming a major player in the digital asset space....

The newly-approved Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) exchange-traded funds (ETFs) in Hong Kong are projected to accumulate $1 billion in assets within the next two years, according to Bloomberg analysts. What Happened: Bloomberg Senior ETF analyst Eric Balchunas has revised his...

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...

Hong Kong’s securities regulator has approved the city’s first spot Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) exchange-traded funds (ETFs). What Happened: The Hong Kong units of Bosera Asset Management and China Asset Management have been granted regulatory approval by the Hong...

Hong Kong is on the verge of becoming a major player in the cryptocurrency exchange-traded funds (ETF) market, with potential approvals for spot Bitcoin ETFs and spot Ether ETFs expected as early as this week. What Happened: This move positions Hong Kong as a competitor to Singapore and Dubai in...

Despite China’s firm ban on cryptocurrency trading, Hong Kong, closely tied to the mainland, could inadvertently play a pivotal role in Bitcoin‘s (CRYPTO: BTC) ascent to a much-awaited $100,000 price tag. The financial hub is on the brink of becoming a significant player...

Net outflows from Bitcoin (CRYPTO: BTC) spot ETFs slowed to $19.48 million on Tuesday, recording a slower outflow pace for exchange-traded funds compared to Monday. What Happened: Grayscale’s Bitcoin Investment Trust (OTC:GBTC) experienced a significant single-day outflow of $154 million,...

Editor’s note: This story has been updated to correct a misspelling of Cathie Wood’s name. ARK Invest CEO Cathie Wood on Monday praised cryptourrency regulation in Hong Kong. What Happened: Wood lauded the Securities and Futures Commission (SFC) of Hong Kong for its clear guidelines...

Toncoin (CRYPTO: TON), the native cryptocurrency of the TON network, is up 16.5% on the day, reaching a new all-time high of $6.25. This surge comes amid a flurry of developments within the TON ecosystem, including a new palm scanning initiative aimed at on-chain identity verification. Toncoin...

Ferrari N.V. (NYSE:RACE) saw a remarkable surge in sales in Taiwan, outpacing China and Hong Kong, thanks to the flourishing wealth of the country’s chip entrepreneurs and the diversification of global supply chains. What Happened: Ferrari’s sales in Taiwan have doubled over the past...

In response to U.S. criticism, China has defended Hong Kong’s recently enacted national security law, urging the U.S. to “respect China’s sovereignty.” What Happened: China’s embassy in the U.S. has responded to American criticism of Hong Kong’s new national...

Key Takeaways: Carote’s revenue and profit have grown explosively over the past three years, including 118% profit growth last year to 237 million yuan The kitchenware maker has been shifting its focus to higher-margin own-brand products, which contributed 87.2% of its revenue last year By...