Gap(GPS) Prnewswire·2024-10-09 03:00Industry Insights - Bitcoin Exchange-Traded Funds (ETFs) are increasingly shaping the traditional finance industry by providing safer access to cryptocurrencies and addressing longstanding issues such as master custodian concerns [1][2] - There is a growing institutional demand for Bitcoin ETFs, driven by mature investors seeking portfolio diversification and long-term investments, which could enhance market stability [2] - The industry faces regulatory challenges that need to be addressed to create a safer environment for wider institutional adoption of digital assets [2][5] Company Developments - Tiger Brokers offers 24-hour Bitcoin ETF trading globally and has upgraded its Type 1 licence to include virtual asset dealing services, becoming one of the first fintech brokerage firms in Hong Kong to do so [3] - The company launched virtual asset trading services for professional investors in Hong Kong in May, expanding to retail investors in June after receiving approval from the SFC [3] - Tiger Brokers' institutional wealth platform, TradingFront, provides various order types for Bitcoin ETF investing, including time-weighted average price (TWAP) and volume-weighted average price (VWAP) orders, which are beneficial for executing large trades [4] Future Outlook - The industry must focus on strengthening regulatory frameworks, enhancing investor protections, and fostering collaboration among market participants to increase accessibility and legitimacy of Bitcoin ETFs [5] - There is potential for Bitcoin ETFs to be introduced on the Hong Kong Stock Exchange, which could significantly impact Southeast Asia's traditional finance landscape [5]