The Hong Kong Securities and Futures Commission (SFC) has granted formal recognition to the first six virtual asset spot ETFs, issued by Bosera International, China Asset Management (Hong Kong), and Harvest International. These ETFs are scheduled to list on April 30, 2024. Notably, mainland Chinese investors are currently restricted from participating in trading these products.
Morgan Stanley to Actively Recommend Bitcoin ETFs to Clients via 15,000 Brokers
According to insider reports, Morgan Stanley plans to proactively introduce Bitcoin ETFs to its clients through its network of 15,000 brokers. While the firm has offered Bitcoin ETFs since their regulatory approval in January, it had previously adopted a passive approach, requiring clients to initiate consultations. This shift marks a strategic move to broaden accessibility under controlled conditions.
BlackRock’s Spot Bitcoin ETF Accounts for 24% of Global ETF Inflows
Eric Balchunas, Bloomberg’s senior ETF analyst, revealed that BlackRock’s IBIT spot Bitcoin ETF has captured 24% of the firm’s global ETF inflows, highlighting its significant market impact.
EU Passes Final Vote on Anti-Money Laundering Legislation Affecting Crypto Sector
The European Parliament approved new laws reinforcing customer due diligence and identity checks, extending to crypto asset managers and centralized exchanges. These regulations mandate suspicious activity reporting and will take effect three years after formal adoption by the EU Council.
Patrick Hansen, Circle’s EU Strategy Director, confirmed the anticipated outcome, emphasizing the phased implementation timeline.
South Africa’s FSCA Grants 75 Crypto Asset Service Provider Licenses
South Africa’s Financial Sector Conduct Authority (FSCA) has issued licenses to 75 entities, authorizing them to provide crypto-related financial services under the FAIS Act. The FSCA clarified that its oversight is limited to CASPs, excluding broader crypto asset regulation.
Binance’s Latest Launchpool Attracts Over 18M BNB and 3.1B FDUSD for Renzo (REZ) Farming
Binance’s 53rd Launchpool project, Renzo (REZ), has seen deposits exceeding 18.03 million BNB and 3.1 billion FDUSD. REZ will list on April 30, 2024, with trading pairs including BTC, USDT, BNB, FDUSD, and TRY, subject to seed tag rules.
BNB Chain Completes 27th BNB Burn, Destroying $1.17 Billion Worth of Tokens
The BNB Foundation announced the 27th BNB burn, removing 1,944,452.51 BNB (valued at ~$1.17 billion) from circulation, as part of its deflationary mechanism.
FAQs
Q: Can mainland Chinese investors trade the newly approved Hong Kong virtual asset ETFs?
A: No, mainland investors are currently excluded due to regulatory restrictions.
Q: How will Morgan Stanley’s Bitcoin ETF recommendation strategy work?
A: The firm will systematically educate clients through its broker network, ensuring controlled and compliant access.
Q: What is the implementation timeline for the EU’s anti-money laundering laws?
A: The laws will take effect three years after formal adoption by the EU Council.
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