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Hong Kong could launch its first spot ETFs as early as the middle of this year. According to local media, Gary Tiu, chief executive and head of regulatory affairs at OSL, a Hong Kong-licensed crypto currency exchange, said the government may soon launch exchange-traded funds. OSL is in close contact with many fund companies, and between five and ten companies are currently exploring such an ETF. Tiu added that about five companies have made progress faster than others and have the potential to roll out the first spot crypto ETFs in Hong Kong by the middle of this year. Tiu also acknowledged the need to ensure that fees, when the exchange collaborates with fund companies, are not prohibitively high, given that there are currently only two licensed crypto currency exchanges in the city, according to the media report . You might also like: Hong Kong signals willingness to greenlight crypto spot ETFs Hong Kong, which operates a separate legal system from China, has experience...

Amid Bitcoin’s remarkable comeback, a substantial number of digital tokens are facing delisting from major exchange s like Coinbase Global Inc. and Binance this year. Data from Kaiko indicates that over 3,445 tokens or trading pairs have either been delisted or rendered inactive, what is said to be a record pace by Bloomberg. Upcoming trade suspension According to an incident report from Oct. 17, Coinbase removed 80 trading pairs, marking the highest number of delistings in any month this year.   Our latest research covered by Bloomberg shows that exchange de-listings are at their highest level ever View the full article: https://t.co/wUSRB6DNub pic.twitter.com/Se7dTd9JCT — Kaiko (@KaikoData) October 25, 2023 This was following an earlier on Sept. 14 that OKX, the world’s fourth largest cryptocurrency exchange, announced the delisting of 30 crypto pairs due to non compliance. This brings this exchange’s delistings to 172 for the...

“The gravitational pull in crypto for the time being stays in BTC,” said K33 senior analyst Vetle Lunde. The relatively lackluster performance of nine new Ethereum futures exchange traded funds (ETFs) has prompted analysts at K33 Research to urge a “ rotate back” into Bitcoin (BTC).  In an Oct. 3 market report , analysts Anders Helseth and Vetle Lunde said that it’s “time to pull the brakes on ETH and rotate back into BTC,” with the initial trading volume of Ether futures ETFs only accounting for 0.2% of what the ProShares Bitcoin Strategy ETF (BITO) amassed on its first day of trading in Oct. 2021. While the analysts noted that no one expected to see initial trading volume on the Ether futures ETFs “come anywhere close” to that of the Bitcoin futures ETFs — launched amid a raging bull market — the underwhelming first-day numbers “strongly” missed expectations. Day one trading of ETH futures ETFs accounted for just 0.2% of what BTC futures ETFs amassed in 2021. Source: K33 Research...

CCData, a global data provider, released a new report on cryptocurrency exchanges’ performance for July. The report analyzes the performance of the main cryptocurrency exchange s in the crypto industry in different market segments like spot and derivatives trading. According to the report, centralized exchanges have shown the lowest trading volume in the markets since 2021. The trading volume for the derivatives and spot markets went down to $2.36 trillion, falling by 12%. Binance keeps leading the market According to the report, Binance is leading the derivatives cryptocurrency exchanges, being the number one exchange as per trading market volume. In July, the company had a monthly trading volume of $1.06 trillion (down 12.25% compared to June). OKX falls in second place with ($355 billion, down 13.1%) and Bybit ($215 billion, down 11.6%). Bitget and BitMEX saw good performance in the derivatives markets, showing a minimal decline of 6.97% and 7.92%, respectively. Upbit ...