Bitcoin ETFs: Australia to launch new spot funds by year-end, Hong Kong ETF debut underwhelms

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Australia is set to approve a new wave of spot Bitcoin ETFs for trading on ASX by the end of 2024 while the debut of BTC and Ether ETFs in Hong Kong was met with a muted response. - The gold market is not able to attract a safe-haven bid, with prices hovering near session lows even as consumer optimism continues to fade, raising the risk of slower economic activity.Tuesday, the U.S.

- The gold market saw its best start to the year since 2016 as robust Asian demand and record central bank purchases dominate the marketplace, according to the latest report from the World Gold Council.Tuesday, the WGC released its first quarter Gold Demand Trends report, saying that, including Over-the-Counter purchases, global physical gold demand rose to 1,238 tonnes, an increase of 3% from the first quarter of 2023.

– The hidden driver of the white-hot 2024 gold market may be a short-term rebalancing in equity sentiment, according to private Swiss bank Lombard Odier.Mining needs to better communicate 'what our sector brings to the table,' - Nicole Adshead-Bell - The mining industry should stop apologizing and do a better job of educating pundits and politicians on mining's importance, says Nicole Adshead-Bell, director of Cupel Advisory.

 

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