Hong Kong approves spot Bitcoin & Ether ETFs, aiming to be a crypto hub 🇭🇰; Convergence of TradFi & Crypto: Germany's largest state bank partners with Bitpanda 🤝; Goldman Sachs reports strong Q1 📈

FinTech is Eating the World, 15 April

Hey Everyone,

Good morning! We’re starting a new FinTech week on Tuesday but it’s definitely worth the wait 🫡 Today we’re going to look at Hong Kong that just approved spot Bitcoin and Ether ETFs (why it’s significant & what’s next + some bonus reads), the convergence of TradFi and Crypto as Germany's largest state bank partnered with Bitpanda for crypto custody (the USP & why it matters + more reads on Bitpanda), and Goldman Sachs that just reported strong Q1 (a quick recap of the most important things & profit drivers + some deeper dives into GS failed FinTech plays). Let’s jump straight into the interesting stuff 🌶

Hong Kong approves spot Bitcoin and Ethereum ETFs, positioning itself as a crypto hub 🇭🇰

The news 🗞️ Hong Kong has just approved the first batch of spot Bitcoin and Ether exchange-traded funds (ETFs). This development comes as part of the city's drive to establish itself as a leading hub for digital assets.

Let’s take a look at this, see why it’s significant, and how could it reshape the global cryptocurrency landscape