Bitcoin
Bitcoin (BTC)
$58,427.00 2.27312
Bitcoin price
Ethereum
Ethereum (ETH)
$3,154.65 2.88479
Ethereum price
BNB
BNB (BNB)
$536.81 3.05111
BNB price
Solana
Solana (SOL)
$139.76 3.19902
Solana price
XRP
XRP (XRP)
$0.5142880 9.21436
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000169 6.05914
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 3.73653
Pepe price
Bonk
Bonk (BONK)
$0.0000225 -0.50628
Bonk price
Bitcoin
Bitcoin (BTC)
$58,427.00 2.27312
Bitcoin price
Ethereum
Ethereum (ETH)
$3,154.65 2.88479
Ethereum price
BNB
BNB (BNB)
$536.81 3.05111
BNB price
Solana
Solana (SOL)
$139.76 3.19902
Solana price
XRP
XRP (XRP)
$0.5142880 9.21436
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000169 6.05914
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 3.73653
Pepe price
Bonk
Bonk (BONK)
$0.0000225 -0.50628
Bonk price
Bitcoin
Bitcoin (BTC)
$58,427.00 2.27312
Bitcoin price
Ethereum
Ethereum (ETH)
$3,154.65 2.88479
Ethereum price
BNB
BNB (BNB)
$536.81 3.05111
BNB price
Solana
Solana (SOL)
$139.76 3.19902
Solana price
XRP
XRP (XRP)
$0.5142880 9.21436
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000169 6.05914
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 3.73653
Pepe price
Bonk
Bonk (BONK)
$0.0000225 -0.50628
Bonk price
Bitcoin
Bitcoin (BTC)
$58,427.00 2.27312
Bitcoin price
Ethereum
Ethereum (ETH)
$3,154.65 2.88479
Ethereum price
BNB
BNB (BNB)
$536.81 3.05111
BNB price
Solana
Solana (SOL)
$139.76 3.19902
Solana price
XRP
XRP (XRP)
$0.5142880 9.21436
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000169 6.05914
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 3.73653
Pepe price
Bonk
Bonk (BONK)
$0.0000225 -0.50628
Bonk price

Largest ETF manager in Hong Kong analyzes crypto possibilities

largest-etf-manager-in-hong-kong-analyzes-crypto-possibilities
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Largest ETF manager in Hong Kong analyzes crypto possibilities

One of the largest asset management companies in Hong Kong, Hang Seng Investment Management Co., is reviewing the possibility of tapping into the decentralized ecosystem.

On June 26, one of the largest banks in Hong Kong, HSBC, unveiled bitcoin (BTC) and ethereum (ETH) exchange-traded funds (ETFs), becoming the first bank to do so, which opened the possibility of bringing cryptocurrencies closer to the region.

The director and chief executive officer of Hang Seng Investment Management, Li Peishan, said that while there is no clear goal to develop a crypto ETF, the company is trying to analyze the possibility of mixing digital assets into its “existing investment products.”

Moreover, she pointed out the 80% rise in the average daily asset management scale since December, surpassing the HK$12 billion.

On June 24, the CEO of the Securities and Futures Commission of Hong Kong (SFC), Leung Fung Yee, stated the need for crypto service providers to embrace the next generation of web and money.

He added that Hong Kong is trying to become the central hub for crypto companies which will bring innovation to the region. 

Following Yee’s statement, the Hong Kong Virtual Assets Consortium (HKVAC) revealed the addition of XRP, SHIB, and ADA to its newly developed HKVAC index.

One of the main reasons for developing the HKVAC index is to help investors analyze the prospects of cryptocurrencies.