Hong Kong Shatin District Councillor Deng Zhaofeng: ETF allows individual investors to participate in the virtual currency market with small investments

Hong Kong Sha Tin District Councilor Deng Zhaofeng published an article entitled "Grasping Financial Innovation Opportunities and Not Forgetting to Exclude Risks" in the A14 edition of Hong Kong Wen Wei Po, pointing out that the launch of Hong Kong's virtual currency ETF brings three opportunities to the market:

1. Enhancing liquidity and market pricing transparency, virtual currency ETF provides investors with a more flexible and transparent investment method;

2. Improving the risk diversification efficiency of investment portfolios, virtual currency ETF enables individual investors to participate in the virtual currency market with small investments;

3. Promoting innovation and development in Hong Kong's financial market, it is expected to attract more overseas investors and technology companies to invest or establish branches in Hong Kong, and strengthen Hong Kong's position as an international financial center.

Comments

All Comments

Recommended for you

Glassnode ·

Ethereum's Evolving Ecosystem - Staking, DeFi, and Derivative Markets

The third part of our Glassnode Spotlights series, presenting the most interesting and actionable insights from the Coinbase x Glassnode Q2 Guide to Crypto Markets, explores Ethereum's Evolving Ecosystem - Staking, DeFi, and Derivative Markets.
Cointime精选 ·

Bitcoin’s Price Dynamics: Federal Reserve Policies and Economic Shifts in Focus

This year, the factors influencing Bitcoin’s price shifted away from the interest rate narrative when spot Bitcoin ETFs were approved in the US in January. Since then, Bitcoin’s prices have re-aligned with market expectations on interest rates, now that ETF flows have diminished. The Federal Reserve is confronted with a challenging dilemma: it needs to control persistent inflation while also supporting a weakening U.S. economy. Over the long term, this predicament could turn out to be advantageous for Bitcoin.
Chainlink ·

Exploring Consensus With Parallel Proposals: The Difference Between PBFT and BBCA-Chain

Recent works [BBCA-Chain, Motorway, Cordial-Miners, Shoal, Mysticeti-C, Sailfish] debunk the belief that Block-DAG BFT Consensus protocols have to pay significant latency to achieve throughput scalability. They provide alternative ways for leveraging parallel transaction dissemination.
HKEX CEO: Virtual asset exchanges have become HKEX’s competitors

On May 10th, Hong Kong Exchanges and Clearing Limited's new CEO, Nicolas Aguzin, stated in an interview with the Shanghai Securities News that HKEX faces competition not only from other securities exchanges, but also from external competitors such as virtual asset exchanges. In order to meet the rapidly evolving demands of customers and technology, HKEX must balance innovation and stable business operations, continuously expand its resources for listed companies, and improve its market services.
Marathon reports record net revenue of $337.2 million in first quarter of 2024

Bitcoin mining company Marathon Digital Holdings reported a record net profit of $337.2 million in the first quarter of 2024. The quarterly net profit announced by the company in its earnings report on May 9th increased by 184% compared to the first quarter of 2023, which was $118.7 million. The diluted earnings per share for this quarter were $1.26. The company announced that its first quarter revenue for 2024 reached a record $165.2 million, an increase of 223% from the same period last year, which was $51.1 million.
Binance CEO: Nigerian officials demanded $150 million in bribes

Binance CEO Richard Teng has remained silent on the legal crisis in Nigeria for the past few months, but today Binance executive Tigran Gambaryan posted on the matter of his being charged in Nigeria, stating that unidentified individuals had contacted the exchange's employees and suggested paying a sum of money to resolve the charges. According to DL News, Nigerian officials have demanded a possible bribe of up to $150 million in cryptocurrency from Binance. In a statement, Richard Teng said that lawyers had been asked to make a large payment in cryptocurrency within 48 hours.
VitalikButerin ·

Multidimensional gas pricing

In Ethereum, resources were up until recently limited, and priced, using a single resource called "gas". Gas is a measure of the amount of "computational effort" needed to process a given transaction or block. Gas merges together multiple types of "effort", most notably:
PermaDAO ·

AMA: AO and Artificial Intelligence

The article is divided into two sections: the main dialogue between the host and Sam, and the Q&A session where community users ask questions about AO.
PermaDAO ·

$HALO，World!

Everything you want to know about the $HALO token
Footprint_Data ·

Exploring Core Chain and Its Core Competency

This report examines Core Chain’s pivotal role in enhancing Bitcoin’s functionality, focusing on the core competencies of the Satoshi Plus Consensus mechanism, non-custodial BTC staking, and EVM compatibility.