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Bitcoin ETFs Flash Sign of Stress as Discounts Reach Records

(Bloomberg) Signs of stress are flashing across spot-Bitcoin exchange-traded funds after the cryptocurrency sank to a two-month low.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesUS and Saudis Near Defense Pact Aimed at Reshaping Middle EastThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire EconomyFed to Signal Delay of Interest-Rate CutsPrices of some of the largest ETFs tra

Asia s first spot bitcoin and ether ETFs gain in Hong Kong debut

HONG KONG (Reuters) -Six spot bitcoin and ether exchange traded funds (ETFs) gained in their Hong Kong debut on Tuesday, with the three bitcoin ETFs climbing more than 2% by midday, reflecting Asian investor enthusiasm for cryptocurrency assets. The debuts mark the first launch of spot cryptocurrency ETFs in Asia and come just three months after the U.S. launched its first ETFs to track spot bitcoin.

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