• September 12, 2024

New Hong Kong crypto scheme could see changes with SFC involvement in OTC rules

Hong Kong is exploring whether to have the Securities and Futures Commission (SFC) involved in regulating over-the-counter (OTC) virtual asset trading services, along with the Customs and Excise Department (C&ED), as the city struggles to regulate the industry. The SFC has sought opinions from industry players about potentially putting in place a new licensing regime for cryptocurrency OTC services, which will see the securities regulator work with the C&ED to oversee these companies, according

  • September 12, 2024

WGMI: Trump Victory Would Ignite This Bitcoin ETF

While the upcoming U.S. Presidential election will likely be a catalyst for a variety of stocks and sectors, perhaps no ETF has more to gain from a potential Trump victory than the Valkyrie Bitcoin Miners ETF (WGMI). I’m bullish on WGMI based on its intriguing risk/reward profile in the event of a Trump victory. Plus, sell-side analysts forecast a potential upside of nearly 100% for this tiny ETF over the next 12 months. What Is the WGMI ETF’s Strategy? According to the fund’s sponsor, WGMI “is