1/ 🧵 Hong Kong SEC is in the process of being ready for the crypto spot etf applications. And they are going through consultation phase to allow this setup.
1/ 🧵 Hong Kong SEC is in the process of being ready for the crypto spot etf applications. And they are going through consultation phase to allow this setup.
ETF seems to be a cash cow which everyone wants to milk
It's technically shallow peoples way to use crypto without participating in market directly. ETFs are like sunscreen.
Ha Ha Ha never looked at ETF's like that. That is a new kind of explanation for me
Sunscreen for those who only want to get thier toes wet. They don't want the crypto though, they just want the price action...
2/ 🧵 Hong Kong is paying attention to fees and also the application for variety of digital custody items like ether and altcoins for the position of crypto etf.
3/ 🧵 Hong kong has a plan to execute this in a series of steps and also there would be strict criteria for the exchanges and the financial institutions too.
4/ 🧵 Check out how hong kong plans on accepting the Spot Crypto ETF.
https://inleo.io/@esmeesmith/hong-kong-monetary-authority-opens-for-spot-crypto-etf