Cointime

Download App
iOS & Android

Value Partners Hong Kong Funds and EBO Financial plan to cooperate to launch Bitcoin spot ETF

  • Wechat scan to share

According to reports from Finance News, Invesco Hong Kong has signed a memorandum of understanding with Huobi Financial to provide innovative investment strategies that combine virtual assets and traditional investment tools for retail and institutional investors. At the same time, these two Hong Kong enterprises will jointly explore the launch of a Bitcoin spot ETF in the Hong Kong market.

Comments

All Comments

Recommended for you

  • FIFA President announces 'FIFA Coin' initiative

    Gianni Infantino, President of FIFA, announced the "FIFA Coin" plan at a White House summit, hoping to launch their own cryptocurrency. The aim is to leverage the $170 billion football industry and the 5 billion global football fans. They will invite cryptocurrency experts to collaborate and help realize this project.
  • Argo Blockchain Signs $40 Million Financing Agreement to Support M&A Transactions

    Argo Blockchain, a bitcoin mining company listed on Nasdaq, has announced that it has signed a $40 million senior secured convertible loan agreement, with an initial financing amount of $15 million and the remaining $25 million to be completed in the next 18 months. Three multinational institutions have invested (specific institution names have not been disclosed) and will join the Argo board. The new funds will be used to expand its mining facility in Baie Comeau, strengthen the balance sheet, and conduct a series of potential merger and acquisition transactions.
  • Binance will adjust the collateral ratio of BCH, XTZ and other assets

    According to the official announcement of Binance, Binance will update the collateral ratios of various assets under the investment portfolio margin mode on March 7, 2025 at 06:00 (UTC). The update process is expected to last about an hour. The specific adjustments are as follows: The collateral ratios of BCH, XTZ, and MANA will be reduced from 85% to 75%; The collateral ratio of ONE will be reduced from 80% to 70%; The collateral ratios of BAT and DENT will be reduced from 80% to 65%. Please note that the collateral ratio adjustments will affect the unified maintenance margin rate (uniMMR), and users need to pay close attention to avoid potential liquidation risks.
  • DeepSeek open-sources and releases 3FS, a high-speed parallel file system that optimizes AI data access

    On the fifth day of Open Source Week, its Fire-Flyer file system (3FS) was officially open sourced. As a high-performance parallel file system, 3FS can fully utilize modern SSDs and RDMA networks to achieve high-speed data access, improving the efficiency of AI model training and inference.
  • Hong Kong to allocate HK$1 billion to set up artificial intelligence research institute

    The Hong Kong SAR Government will allocate HK$1 billion to establish an artificial intelligence research institute.
  • Binance Futures will launch U-based and Coin-based quarterly 0627 delivery contracts

    Binance Futures will launch the following quarterly 0627 delivery contracts for U-based and coin-based contracts within a few hours after the expiration of the quarterly 1227 delivery contracts on December 27 at 16:00 U.
  • Cointime July 27th News Express

    1. As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.
  • Hong Kong's financial industry may study launching stablecoin trading desks and institutional custody services

    Hong Kong Monetary Authority recently announced the list of participants in the stablecoin issuer sandbox, including JD Coin Chain, Circle Coin Innovation, Standard Chartered Bank, Anni Group, Hong Kong Telecom and other institutions. Research reports released by Zeng Shengjun, a researcher at the Greater Bay Area Financial Research Institute of the Shenzhen Branch of Bank of China, and Guan Zhenqiu, a researcher at the Hong Kong Financial Research Institute of Bank of China, analyzed that the Hong Kong dollar stablecoin can improve the efficiency and inclusiveness of the Hong Kong financial system. Its stability, free convertibility, high security, high open source and cross-border mobility can provide support for a wider range of financial innovations.
  • Hong Kong Legislative Council Member: The issuance and trading system of tokenized bond-related products can be shared with the mainland

    Hong Kong Legislative Council member Chan Chun-ying stated that the new productivity of Hong Kong's financial industry is currently mainly developed around digital and green themes. Regarding virtual assets, Hong Kong regulatory agencies should establish relevant trading platforms, stablecoin issuances, testing and operational mechanisms, capture digital development trends, and share relevant regulatory experience with the mainland. At the same time, Hong Kong's tokenized bond development is leading the world, and relevant product issuances, trading systems can be shared with the mainland or guide more mainland companies to issue, together meeting international market demand.
  • Hong Kong investment in virtual assets will not be subject to capital gains tax

    Hong Kong investors in virtual assets will not be subject to asset value-added tax, which is a very attractive point for global investors. For example, in Japan and Australia, although they have expanded the virtual asset market earlier than Hong Kong, they still need to pay asset value-added tax, which will be included in the comprehensive tax rate calculation. The comprehensive tax rates in Japan and Australia can be as high as 50% and 40% respectively. For investors, investment returns are of course the most important consideration, and Hong Kong's low tax system will attract more international investors to settle in Hong Kong.