Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
According to BlockBeats, a recent research report by Bloomberg ETF analyst Rebecca Sin reveals that Hong Kong is expected to create and redeem physical Bitcoin ETFs in the second quarter of 2021. This development could present a significant market opportunity, potentially increasing the assets under management (AUM) and trading volume for Bitcoin ETF issuers in the region.
The report states that Hong Kong's approach is to use physical Bitcoin to create ETFs, which is entirely different from the United States, where only cash is allowed. In the US, the process is 'cash in, Bitcoin ETF out,' while in Hong Kong, it is 'Bitcoin in, ETF out.'