Bitcoin ETF Launches in Malaysia in Regional First

[Shahinaz]

South-East Asia sees its first insured Bitcoin ETF launch as demand for cryptocurrencies from institutions increases.

Another One, In Another Place
A Malaysian Bitcoin exchange-traded-fund (ETF) will be the first insured fund to launch in the South East Asia (SEA) region. The launch comes as the first in the region, which sees growing institutional interest in the cryptocurrency space.

The fund, named BCMG Genesis Bitcoin Fund-I (BGBF-I), will also offer investors insurance. This acts as an additional safety-net for investors who decide to invest in Bitcoin (BTC), an already extremely volatile asset.
Indeed, managed cryptocurrency ETFs already offer some risk management features; they provide limited exposure to cryptocurrencies by their very nature.

In BGBF-I’s case, Hong-Kong-based regulatory compliance company, Alpha Calibration, administers the fund. Moreover, HLD Hodgson, also based in Hong Kong, provides regular audits.


source: https://beincrypto.com/bitcoin-etf-launches-in-malaysia-in-regional-first/


a good development for bitcoin, do you expect your country and government to accept the existence of bitcoin like this country

[jhm]

South-East Asia sees its first insured Bitcoin ETF launch as demand for cryptocurrencies from institutions increases.

Another One, In Another Place
A Malaysian Bitcoin exchange-traded-fund (ETF) will be the first insured fund to launch in the South East Asia (SEA) region. The launch comes as the first in the region, which sees growing institutional interest in the cryptocurrency space.

The fund, named BCMG Genesis Bitcoin Fund-I (BGBF-I), will also offer investors insurance. This acts as an additional safety-net for investors who decide to invest in Bitcoin (BTC), an already extremely volatile asset.
Indeed, managed cryptocurrency ETFs already offer some risk management features; they provide limited exposure to cryptocurrencies by their very nature.

In BGBF-I’s case, Hong-Kong-based regulatory compliance company, Alpha Calibration, administers the fund. Moreover, HLD Hodgson, also based in Hong Kong, provides regular audits.


source: https://beincrypto.com/bitcoin-etf-launches-in-malaysia-in-regional-first/


a good development for bitcoin, do you expect your country and government to accept the existence of bitcoin like this country

Appreciate you posting this @Shaninaz, will check it out. I have a couple friends in Malaysia that would want to see this

[TomPluz]

I am sure this can be encouraging more and more people to also consider investing Bitcoin. Though what I understand with ETF is that one is not really directly dealing with Bitcoin, or something like that. Nevertheless, this is a good development and coming from Malaysia which I consider to be another stricter country when it comes to money, banking and finance. As the Hong Kong market can be entering a foggy era as far as cryptocurrency is concerned, the opportunities can be transferring to neighboring ASEAN countries. And we are seeing it now in Malaysia.