Global #crypto ETFs

The year 2024 will undoubtedly be remembered as a pivotal moment in the history of cryptocurrencies. The approval of Bitcoin and Ethereum spot ETFs, a long-awaited development, marked a significant step towards mainstream adoption.

The crypto market has witnessed a significant shift as traditional hedge funds increasingly embrace digital assets. A recent report by the Alternative Investment Management Association (AIMA) and PwC reveals that nearly half of hedge funds in traditional markets are now involved in cryptocurrencies.

In a bid to keep pace with global trends and cater to rising institutional interest, the Thai Securities and Exchange Commission (SEC) has proposed new regulations allowing mutual and private funds to invest in digital assets.

The Financial Services Agency (FSA) in Japan has embarked on a thorough assessment of its cryptocurrency regulations, aiming to determine the ongoing viability of the Payments Act in governing digital assets.

The cryptocurrency market has experienced significant volatility in recent years, making it a daunting prospect for many investors. However, the emergence of cryptocurrency exchange-traded funds (ETFs) is changing the game, offering a more accessible and potentially less risky way to gain exposure to this burgeoning asset class.

Financial giant State Street Global Advisors (SSGA) and crypto-focused investment firm Galaxy Digital are joining forces to launch a new generation of exchange-traded funds (ETFs) focused on digital assets.