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Hong Kong-based Asset Manager VSFG aiming for a May spot Bitcoin ETF launch

  • There are reports that the Hong Kong SFC is considering to approve Bitcoin ETFs in Q2 2024.
  • VSFG and Value Partners have applied for approval to offer a spot Bitcoin ETF in Hong Kong.
  • VSFG is targeting to launch the spot BTC ETF as early as May this year.

Hong Kong’s financial landscape is set for a potential transformation as Venture Smart Financial Holdings Ltd (VSFG), a prominent asset management company, gears up to launch a spot Bitcoin exchange-traded fund (ETF) in the country as early as May.

Collaborating with local firm Value Partners, VSFG has filed an application with the Hong Kong Securities and Futures Commission (SFC) to introduce this innovative investment product to the market.

Hong Kong’s stand on Bitcoin ETFs

Following regulatory considerations initiated in December 2023, Hong Kong regulators have been actively contemplating the approval of spot crypto ETFs within the region.

Earlier, Bloomberg Senior ETF Analyst Eric Balchunas in a post on X, citing a Bloomberg Intelligence report, stated that the SFC is considering allowing in-kind creations and redemptions for spot bitcoin ETFs in the second quarter of this year.

If true, the move will underscore Hong Kong’s growing reputation as a crypto-friendly hub where financial institutions can readily offer innovative products to local investors.

Industry leaders have echoed the sentiment, urging regulators to expedite the launch of spot ETFs in Hong Kong to meet the increasing demand from investors.

Bitcoin ETF boom and its impact

The approval of spot Bitcoin ETFs in the United States in January sparked a surge in offerings by major financial institutions such as Grayscale, BlackRock, and Fidelity Investments. Accumulating approximately $50 billion in assets within a few months, these ETFs have significantly boosted investor engagement in the crypto market.

Moreover, the approval of Bitcoin ETFs coincided with a substantial BTC price escalation, with its value skyrocketing from around $30,000 to as high as $73,700 in March. Currently trading at $70,630, Bitcoin’s value is poised for further growth, especially with the anticipated approval of spot ETFs in Hong Kong.

VSFG’s move to apply for a spot Bitcoin ETF aligns with the broader trend of financial institutions capitalizing on the growing interest in cryptocurrency investment products. If approved, the ETF would streamline the investment process for Hong Kong-based investors, providing them with a regulated and accessible avenue to gain exposure to Bitcoin.

With the potential launch of the spot Bitcoin ETF in May, VSFG aims to position itself at the forefront of Hong Kong’s evolving financial landscape, catering to the increasing demand for crypto investment opportunities in the region.

The post Hong Kong-based Asset Manager VSFG aiming for a May spot Bitcoin ETF launch appeared first on CoinJournal.

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Bybit launches regulated digital asset platform in the Netherlands

  • Bybit.nl brings more crypto services and products to Dutch users.
  • The launch follows Bybit’s partnership with SATOS, a crypto platform with operations in the Netherlands and Belgium since 2013.

Bybit has announced the launch of Bybit.nl, a regulated digital asset platform for users in the Netherlands.

The crypto news comes as more people look into crypto trading and investing amid Bitcoin’s surged to above $70k.

According to Bybit, expansion into Netherlands via Bybit.nl is part of the mission to bring crypto to more users across the globe. The new digital asset platform allows for this within the regulatory guidelines of the Netherlands.

“We are thrilled to launch our regulated digital asset platform in the Netherlands, furthering our commitment to serving users while upholding regulatory compliance,” said Ben Zhou, co-founder and CEO of Bybit.

Bybit taps SATOS to expand in the Netherlands

Bybit is partnering with SATOS, a crypto service provider that has operated in the Netherlands and Belgium since 2013. SATOS is supervised by the Dutch National Bank and inked its partnership with Bybit in June 2023.

Bybit.nl marks the next step of the collaboration, the companies said in a press release shared with CoinJournal.

This launch means crypto users in the Netherlands can now access various financial products and trading tools, leveraging a trustworthy trading environment.

In this case, Bybit powered by SATOS will offer a number of benefits to the Dutch crypto community.

Apart from a broader range of financial products, the regulated trading platform will also feature advanced trading tools and more education resources.

Users will also benefit from localized support, with support services tailored for the local crypto community. Bybit.nl also offers access to Bybit Web3 features, including the Web3 Wallet and Airdrop Arcade.

Bybit.nl users will also access fiat deposits and withdrawals, over 300 trading pairs and enhanced crypto asset security, the exchange noted.

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$0DOG prediction: Bitcoin Dogs sets a new tone amid robust use cases and BTC link

  • Bitcoin Dogs token is set for listing as post-listing speculation gains mount.
  • Investors have been attracted by Bitcoin Dogs as the first ICO on the Bitcoin blockchain.
  • The token could rise to $1 amid speculation and use cases.

As Bitcoin Dogs ($0DOG) presale came to its ultimate halt on March 15, one thing was clear. The presale had exceeded expectations, raising nearly $13.5 million within a month. Investors were particularly interested in this token, being the first ICO on the Bitcoin blockchain. As such, predictions are rife that this token could surge strongly when it debuts on exchanges. Let’s dive in and explore the $0DOG potential as 100x predictions surface.

Bitcoin Dogs: A 100x potential token and the first Bitcoin ICO

As Bitcoin price hits levels about the 2021 record, attention has shifted to Bitcoin Dogs. Experts predict that as Bitcoin gains in value, Bitcoin Dogs will attract a positive sentiment. That’s partly because Bitcoin Dogs is the first-ever BRC-20 minted token. As such, investors looking for a share of the legacy Bitcoin network see Bitcoin Dogs as a sound alternative.

Being a Bitcoin-linked crypto token has won the hearts of Bitcoin Dogs backers. Bitcoin is the oldest blockchain and carries robust security features. This has allowed Bitcoin Dogs to ride the positive reception of Bitcoin and become a trailblazer in the presale. 

Besides, a lot of speculation remains in the crypto markets regarding Bitcoin developments in 2024. These include the approvals of the first spot Bitcoin ETFs earlier in the year and the halving event in April. The positive sentiment could flow into Bitcoin Dogs and help in its price discovery.

There is a lot to expect as Bitcoin Dogs eyes the next step in its budding life. That includes a listing on centralised exchanges (CEXs), scheduled for the first quarter. Owing to the strengths of Bitcoin Dogs in the presale, the listing will be met with a lot of token speculation. But Bitcoin Dogs has attracted attention with its exciting use cases. 

Biggest Bitcoin ordinals and Dogaverse experiences

Bitcoin Dogs spotlight seems to have also been inspired by its alluring NFT collection. This is a 10,000 unique and collectible tokens that would be available to $0DOG holders. And guess what? The collection will be the biggest Bitcoin ordinals NFT collection.

Users can curate and display their collectibles for sale within the Bitcoin Dogs NFT metaverse. Thanks to this feature, users have found a sound alternative to owning a piece of digital art. This comes even as Bitcoin NFTs gain popularity and Web 3.0 applications recover from the bear market lows. Bitcoin Dogs doesn’t stop there.

The platform features virtual interactions through its metaverse-themed Dogaverse. Fans are thrilled that virtual realities are fast gaining attention and Bitcoin Dogs is part of the transition. Once launched, $0DOG holders can immerse themselves in exciting experiences, opening up new opportunities. Fans can engage in dog training sessions, interact with fellow dog holders, and engage in competitions. As the metaverse ecosystem grows, the use case of $0DOG will be strengthened, boasting its price.

Bitcoin Dogs ($ODOG) prediction in 2024

A bullish crypto market, Bitcoin Dogs’ use cases, and its relationship to Bitcoin make the token attractive. This could allow $0DOG to surge wildly and claim a coveted 100x gain. Tokens that have attracted a lot of FOMO have risen and exceeded the margins in the past. 

With the presale’s starting price of $0.015, a possible 100x gain could see the token rise to above $1. Although speculative, favourable factors and investors buying the token on exchanges make the price realistic.

In the future, the price of Bitcoin Dogs will be pegged on its diverse use cases. The launch of the NFT marketplace and metaverse could see $ODOG deployed more in Web 3.0. Being the first Bitcoin ICO means Bitcoin Dogs will gain fast traction in the application areas. This will see the token continue increasing in value. 

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Bitbot’s presale officially surpasses $1.5m as stage 7 nears completion

Key takeaways

  • Bitbot has raised more than $1.5 million in its presale so far. 

  • The project is offering $100k free airdrop to users ahead of its token launch.

The cryptocurrency market has been bullish this week, with Bitcoin returning to the sub-$70k region. With the market still bullish, investment continues to flow into nascent projects. 

Bitbot is looking to ease the trading process for traders. The project has so far raised a substantial amount to help it roll out its products. 

What is Bitbot?

Bitbot is an exciting Web3 project designed to provide excellent services to cryptocurrency traders. It is a Telegram trading bot that offers users access to high-end trading features.  

Ideally, Bitbot can best be termed as a self-custodial trading bot that enables users to trade via their cold wallets on Telegram. Investors in this project and its users would have a unique value proposition. Bitbot will leverage Telegram’s position as a leading social media platform for crypto users.

The team explained that Bitbot will provide traders with high-end features to help them grow their trading portfolios. These features are institutional-grade and will grant traders access to exceptional trading functions.

The total cryptocurrency market cap stands above $2.6 trillion and is expected to soar higher in the coming months. Bitbot wants to leverage the rising trading volume in the cryptocurrency market to gain massive adoption in the coming months and years.

With the entry of more retail and institutional traders, Bitbot could become a leading trading tool for them. 

Bitbot’s technology to serve crypto traders

Bitbot is a tech-savvy tool that could become very useful to cryptocurrency traders. It seeks to ease the trading process for its users.

A primary focus for Bitbot is user security. The tool will use Knightsafe to offer a self-custody solution, eliminating the typical risks associated with Telegram trading. Secondly, the team will develop anti-MEV and anti-rug solutions to help users protect their assets. These features enable traders to avoid bots that artificially pump transaction costs and block scam projects from their timelines. 

Additionally, Bitbot will use ultra-flexible wallet management powered by non-custodial API technology to provide an added layer of security to the users.

New traders can take advantage of Bitbot’s copy trading feature. This feature allows them to copy the trades of the strongest-performing wallets based on on-chain activities.

With Bitbot giving out $100k to 100 lucky winners, new traders can participate in this to help them build a capital base.

Bitbot’s presale surpasses $1.5m

The Bitbot presale is in the seventh stage and has already raised more than $1.5m. The 7th stage will end once the amount raised reaches $1.63m. 

The project’s growing presale shows that investors are buying into Bitbot’s narrative and potential growth. Currently, the $BITBOT token is going for $0.0134 but is set to increase to $0.0141 once the eighth round commences.

The development team will hold 20% of the total token supply and will use it to fund ongoing development. 14% of the total token supply has already been allocated to marketing & CEX listings while 3% goes to exchange liquidity provision.

Click here to read more about Bitbot’s upcoming presale.

Could $BITBOT rally higher this year?

The crypto market has been bullish since the start of the year and many analysts expect BTC to surpasses $150k in the coming months. With the Bitcoin halving roughly 20 days away, trading volume in the market could significantly go higher.

Bitbot could be a big winner in the market if it rolls out its products. The project can leverage the growing trading volume in the market to obtain a sizable market share. If that happens, its native $BITBOT token could soar higher in the coming months and years. 

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Velar’s native token to list on Bybit

  • Bybit will list VELAR, the native token of Bitcoin liquidity protocol Velar on April 3.
  • Velar’s listing on Bybit will be via an initial exchange offering and marks a major milestone for Bitcoin ecosystem.

Velar is set to launch its native token VELAR via an Initial Exchange Offering (IEO) on crypto exchange Bybit.

The Bitcoin liquidity protocol said in an announcement on Wednesday that VELAR will go live on Bybit on April 3 and will coincide with its Initial DEX offering.

Also notably, VELAR on a top tier crypto platform aligns with the project’s roadmap for accelerating its growth and adoption across the global marketplace.

According to a news release shared with CoinJournal, this is significant milestone for the DeFi ecosystem on Bitcoin. In particular, Velar’s launch is expected to bolster liquidity and utility within the Bitcoin DeFi ecosystem.

Bybit’s position as one of the world’s top spot and derivatives exchange platforms will play a huge part in this, the platform noted in the announcement.

“As we prepare to go live on Bybit, one of the world’s top 3 crypto exchanges, with the listing of $VELAR token on April 3rd, we recognize the significance of this moment for the entire Bitcoin ecosystem,” Velar co-founder & CEO Mithil Thakore said.

The Velar chief added, “This marks a pivotal juncture where we’ll witness firsthand the interest and adoption of Bitcoin ecosystem projects on a global scale. It’s not just about our project; it’s about paving the way for countless others.”

The Bitcoin DeFi ecosystem continues to grow

Ethereum has over $50 billion in liquidity locked across DeFi protocols.

According to Velar, this is an outlook that suggests enormous potential for Bitcoin, the benchmark crypto asset. The upcoming launch offers an opportunity for Velar to tap into more than $1 trillion in dormant BTC capital.

The prospect means Bitcoin holders can leverage the opportunities, including yields, that the smart contracts industry offers.

VELAR’s listing on Bybit comes after Velar successfully launched Dharma, an automated market maker (AMM) and decentralized exchange (DEX). The platform has already attracted over 150k users, with users able to access features such as token swaps, liquidity pools, staking and yield farming.

Bitcoin continues to see unprecedented growth and a new era of DeFi, NFTs and gaming is seen as the next big thing. Velar has a first mover advantage as it seeks to bring more BTC into the DeFi landscape.

According to today’s press release, Velar will soon launch its V2 mainnet to introduce a Bitcoin-native perpetual DEX platform. The pioneering non-custodial platform will offer up to 20x leverage.

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