Ren Junfei, CEO of a digital asset management company in Hong Kong, plans to launch the collateralized Ethereum ETF in the second half of this year.
This Ethereum ETF product is not only a fund that holds real Tokens but also provides additional income. The business owner is actively coordinating with the Hong Kong regulatory authority to protect investor interests and establish a registration and withdrawal process.
MAIN CONTENT
The collateralized Ethereum ETF is expected to be introduced in Hong Kong in the second half of 2024.
The fund not only holds real Tokens but also creates additional income streams for investors.
Currently in discussions with the regulatory authority to ensure rights and transparent processes.
What is a collateralized Ethereum ETF and why is it important?
Ren Junfei, CEO of the licensed digital asset management company, affirms that this is a direct investment fund owning real Ethereum along with the feature of generating additional income for investors. This is a significant step that helps combine cryptocurrency assets with passive income, suitable for professional investors in the Hong Kong market.
A collateralized Ethereum ETF is a type of fund secured by holding actual Ethereum Tokens in a treasury, unlike synthetic ETFs based on futures or derivatives. This provides higher safety and transparency, while also boosting liquidity and enhancing market confidence in Hong Kong, which has a strict regulatory framework.
What does Ren Junfei reveal about the implementation process of the new product?
According to CEO Ren Junfei, the company is currently actively working with the Hong Kong regulatory authority to finalize regulations related to investor protection and the fund's operation methods, including registration for buying, selling, and withdrawals. This helps ensure the fund operates transparently and complies with international standards.
"We prioritize placing investor interests first and will ensure that all operational procedures of the fund strictly comply with Hong Kong regulations."
Ren Junfei, CEO of Pandu, July 2024
What differentiates this collateralized Ethereum ETF product from other ETFs?
The product focuses on owning real Tokens and providing additional income beyond capital appreciation. While other ETFs often rely on futures or derivatives contracts with risks associated with fluctuations in the derivatives market, this product creates real and more transparent value for users.
Criteria for Ethereum ETF Collateralized Ethereum ETF based on derivatives Ownership of real Ethereum Token Assets Futures or options Additional income Yes, from lending or staking Little or no Risk Lower due to transparency and real assets Higher due to volatility in the derivatives market
Frequently Asked Questions
When will the collateralized Ethereum ETF be launched?
According to the plan, the product will be introduced in Hong Kong in the second half of 2024, after completing the licensing and operational processes.
Is this fund safe for investors?
The fund is managed by a legally licensed company and uses real Ethereum Tokens as collateral, while also coordinating with the regulatory authority to ensure safety.
How can investors participate in buying and selling this fund?
The registration and withdrawal process is in the final stages with support from the regulatory authority to ensure convenience and transparency during implementation.
What gives the collateralized Ethereum ETF an advantage?
The strength lies in directly owning real Ethereum Tokens and the ability to generate additional income, helping investors protect their capital while receiving passive returns.
Will this product have a positive impact on the cryptocurrency market in Hong Kong?
The launch of a transparent and tightly regulated product promises to enhance investor confidence, boost liquidity, and develop the cryptocurrency market in Hong Kong.
Source: https://tintucbitcoin.com/pan-du-tiet-lo-etf-ethereum-ra-mat/
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