NEWS DIGEST – 21.08.2025 🚀
1) Hong Kong lists two new spot crypto ETFs (BTC + ETH)
🇭🇰 HKEX began trading the MicroBit Bitcoin Spot ETF and MicroBit Ether Spot ETF today, with HKD & USD counters (codes 3430/9430 for BTC; 3425/9425 for ETH). The exchange circular confirms board lot size of 100 units and a 0.50% management fee. Bloomberg quote pages for the tickers are live. 📈
Why it matters: Hong Kong keeps expanding regulated spot exposure, adding fresh on‑ramps for Asia‑based wealth and arbitrage between HK and U.S. ETF flows.
Sources: HKEX trading circular (Aug 20); Bloomberg quotes.
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2) Asia’s wealthy boost crypto allocations
👨👩👧👦 Reuters reports family offices and HNW investors across Asia are increasing crypto exposure amid friendlier rules and better market infrastructure. Some managers cited target weights near ~5% for digital assets, with growth in market‑neutral/arbitrage strategies. 💼
Why it matters: This is structural demand—sticky capital that supports liquidity beyond retail cycles, especially in Hong Kong and Singapore venues.
Source: Reuters.
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3) Celebrity token red flags: YZY insiders cash out
🎭 CoinDesk finds insiders netting millions as a token tied to Ye (formerly Kanye West) “apparently” launched and spiked thousands of percent. On‑chain data shows concentrated control and liquidity mechanics that could leave retail holders exposed. ⚠️
Why it matters: Another reminder that celeb‑adjacent coins often feature opaque issuance and asymmetric risks—due diligence is non‑negotiable.
Source: CoinDesk.
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4) Derivatives tilt bearish into Jackson Hole
📉 CoinDesk notes the 180‑day BTC call‑put skew on Deribit is the most negative in over two years, signaling hedging for downside as Fed headlines loom.
Why it matters: Options markets are preparing for volatility; if macro tone is hawkish, spot could follow the skew’s warning.
Source: CoinDesk.
