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Stock impact report

Tiger Brokers' Yang Xu Shares Insights on Bitcoin ETFs Bridging the Gap Between Traditional Finance and Digital Assets

UP Fintech Holding Limited - American Depositary Shares representing fifteen Class A Ordinary Shares (TIGR) 
US:NASDAQ Investor Relations: tigerlogic.com/company/press/sap.jsp
Company Research Source: PR Newswire
HONG KONG, Oct. 9, 2024 /PRNewswire/ -- Yang Xu, Global Partner at leading global online brokerage Tiger Brokers, shared insights on how Bitcoin Exchange-Traded Funds (ETFs) are shaping the traditional finance industry while speaking at InnoBlock 2024, one of TOKEN2049's largest side events this year. Xu participated in a panel discussion titled Bitcoin ETFs and Traditional Finance: Bridging the Gap, where he shared that Bitcoin ETFs help to provide safer access to the underlying cryptocurrency while addressing several long-standing issues within the digital asset space, such as master custodian concerns.With the approval of Bitcoin ETFs on the horizon in several jurisdictions, the panel centred on how these ETFs are seeing increased institutional demand, as well as the regulatory challenges the industry needs to solve in order to create a safer environment for wider institutional adoption of digital assets. Xu added that greater institutional demand from mature investors, particularl Show less Read more
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