Hong Kong Set to Release AI Policies for Finance Sector in October
Hong Kong aims to stay ahead in fintech by issuing AI guidelines, seeking both innovation and stability.
Hong Kong aims to stay ahead in fintech by issuing AI guidelines, seeking both innovation and stability.
The expansion marks a significant step in the company’s efforts to enhance its financial services across the region.
Throughout this year, the performance of Coinbase stock has been a really turbulent one.
Monochrome’s proposed ETF is a timely intervention. It comes at a time when global interest in Ethereum has lifted up.
This massive exodus of capital suggests that investors are gradually withdrawing from the ecosystem. It also coincides with Bitcoin’s struggles to find a support level.
Truflation’s solutions mark a significant leap forward in the Web3 sector, enhancing both innovation and transparency in financial markets.
Amid the global market uncertainty, Bitcoin has given subpar returns during the last quarter and so, while Gold has seen a steady ascent.
Last week’s overall outflows were largely driven by two funds. Those are Ark Invest/21Shares’ Bitcoin fund (ARKB) and Grayscale’s Bitcoin ETF (GBTC).
The outflows from US spot Bitcoin ETFs come at a time when Bitcoin itself is struggling with its price.
Presently, GBTC is struggling to find its standing and return to its previous level of relevance among investors.
So far in 2024, US spot Bitcoin ETFs have had $17.95 billion flow into them.
The eight-day streak in net inflows is a strong indicator that investors are increasingly viewing Bitcoin ETFs as a strategic addition to their portfolios.
This was the highest net inflow recorded by the funds in a single day since July 23.
This adoption of blockchain technology in bond issuance marks a major step forward. Particularly, for the benefits it offers.
The inflows into spot BTC ETFs have been very volatile throughout the month of August so far with net inflows turning slightly positive this week due to BlackRock’s IBIT.