South Korea’s financial regulator is moving closer to approving spot crypto exchange-traded funds (ETFs) and corporate crypto accounts, with discussions set to accelerate following the establishment of a new Virtual Assets Committee. The committee, which was officially announced on October 13, is expected to play a key role in shaping
Taiwan’s Financial Supervisory Commission (FSC) has announced a new initiative allowing professional investors to invest in foreign virtual asset exchange-traded funds (ETFs) via a re-entrustment method. This decision, detailed in a press release on Monday, aims to diversify investment options and enhance the re-entrustment business of the nation’s securities firms.
Ethereum whale transactions have surged this week as the price of ETH shows signs of recovery. A notable whale, inactive for four months, made significant moves, cashing out 12,979 ETH valued at $34.3 million. This whale, with a profit of $58.8 million, originally acquired 21,632 ETH from ShapeShift and Poloniex
The Ethereum ecosystem hit a new milestone with the US Spot ETH ETFs starting trading in the last 24 hours. After considerable anticipation, the digital assets began trading on July 23 after the SEC approved the final filings. On the first day of trading, the nine ETFs recorded a total
The crypto market welcomed the update that spot Ethereum ETFs will be launched next week on July 23. Several sources including Reuters have confirmed that the SEC might allow trading of the ETFs next Tuesday. This recent update has caused a positive price rally in Ethereum as it regains its
The US Spot Bitcoin ETFs witnessed another consecutive day of inflows in the last 24 hours. While the past week witnessed an eventful crypto market crash, Investors after a brief FUD stepped up to take advantage of the price dip. Thus, despite the increasing liquidations, investments also soared in the
Hong Kong advances toward Bitcoin adoption in the Asia-Pacific region during crypto winter with a firm move. Significantly, Samsung Asset Management, the investment subsidiary of the tech giant, powers up the city’s crypto mission with the launch of Bitcoin futures ETFs – Samsung Bitcoin Futures Active ETF, on Friday. Samsung
