DeFi News Today TheBitTimes.com

Five digital asset ETF products will be listed on the Chicago Board Options Exchange and are scheduled to start trading next week. Investment management firm Ark Invest, led by pro-Bitcoin investment veteran Cathie Wood, has collaborated with exchange-traded product (ETP) provider 21Shares to launch a new suite of digital asset exchange-traded funds (ETFs). The move aims to provide a “robust set of options" for investors looking to get digital asset s into their trading portfolio.  The countdown begins: today, 21Shares and ARK Invest announce the upcoming launch the ARK and 21Shares Digital Asset ETF Suite. The ETF suite uses crypto-specific insights alongside traditional indicators. pic.twitter.com/dkg8aTCtVR — 21Shares Funds (@21shares_funds) November 8, 2023 According to the 21Shares website, the companies will utilize on-chain signals and their crypto-native experience to deliver “long-term capital appreciation” by investing in Bitcoin (BTC) and Ether (ETH) futures ...

Eugene Wong, Cobo Global Original article here Hong Kong has made remarkable strides in establishing a legal and regulatory framework of virtual asset operations over the past year. In October 2022, the Hong Kong Government issued a policy statement setting out its support for virtual assets and commitment to fostering sustainable development of the industry in all aspects. On June 1st this year, the licensing regime for Virtual Asset Trading Platform (VATP) issued by the Hong Kong Securities and Futures Commission (SFC) came into effect, mandating VATPs to obtain a license to continue its operations in Hong Kong. Existing VATPs seeking a license must submit their applications to the SFC within 9 months, by February 29th, 2024. Failure to do so will require them to cease operation in Hong Kong by May 31st, 2024. As of today, several virtual asset exchanges have publicly expressed their intention to apply for the VATP license in Hong Kong. According to market sources, there are curre...