Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.
Large bitcoin investors substantially increased their holdings as prices dipped below $60,000 in early Friday's panicky action on the crypto markets ahead of the asset's much-anticipated halving event.
The floating yields on the bitcoin-linked LBTC token are from pools that went live on Wednesday. There's also a fixed-yield option of an annualized 10%.