Moomoo SG
Licensed (Capital Markets Services)
0% commission on US ETFs
- US, HK & SG market access
- SGD funding via PayNow
- Fractional share support
Insights from 2026-2027Independent Research
The Institutional Case for Singapore's Spot Bitcoin ETF.
Tracking global capital flows and advocating for retail digital asset access in Singapore. Don't get left behind as wealth migrates to US, HK, and Australian markets.
- $142B
- Global spot BTC ETF AUM
- 11
- US spot ETFs trading
- A$1.1B
- Australian inflows
- S$0
- Singapore retail access
Across 7 jurisdictions
Since Jan 2024
Cboe AU / ASX
No listed product
01Ticker Mindshare
Preparing for $SBTC and $SETH.
Singapore's retail liquidity remains sidelined. Without a locally listed retail product, Singapore risks languishing in trading volume as retail capital bleeds offshore.
We are laying the groundwork for the inevitable launch of $SBTC (Singapore Spot Bitcoin) and $SETH (Singapore Spot Ethereum).
Reserved Instrument RegistryDraft
$SBTCProposed
Singapore Spot Bitcoin
- Underlying
- BTC / SGD
$SETHProposed
Singapore Spot Ethereum
- Underlying
- ETH / SGD
Ticker symbols are illustrative placeholders used for advocacy and research purposes. No listing application has been filed with any exchange or approved by any regulator.
02Global Competitive Landscape
Asian digital asset inflows are being captured elsewhere.
Australia and Hong Kong are aggressively capturing Asian digital asset inflows. Singapore must evolve its Collective Investment Schemes (CIS) regulations to maintain its crown as Asia's wealth management hub.
- Primary market
- Listed elsewhere
- Singapore — none
| Jurisdiction | Listing Venue | Principal Issuers | Live | Est. AUM |
|---|---|---|---|---|
| United States | NASDAQ / CBOE / NYSE Arca | BlackRock (IBIT), Fidelity (FBTC), ARK 21Shares (ARKB) | Jan 2024 | $118.2B |
| Hong Kong | HKEX | ChinaAMC, Bosera / HashKey, Harvest | Apr 2024 | HK$2.5B |
| AustraliaBenchmark | Cboe Australia / ASX | Monochrome (IBTC) — Jeff Yew, VanEck, DigitalX | Jun 2024 | A$1.1B |
| Canada | TSX | Purpose (BTCC), CI Galaxy, Fidelity | Feb 2021 | C$3.4B |
| Brazil | B3 | Hashdex (HASH11), QR Asset | Jun 2021 | R$1.2B |
| Europe | SIX / Deutsche Börse / Euronext | 21Shares, CoinShares, WisdomTree | 2018 onward | €9.6B |
| Singapore | — | None — DDEx restricted to accredited investors | — | S$0 |
AUM figures are indicative estimates compiled from public issuer disclosures and exchange filings for illustrative comparison. Not investment advice.
03Digital Gold vs. Physical Gold
The Evolution of Store of Value.
Bitcoin is mathematically scarce digital gold. Just as Singapore revolutionized gold investing with GLD, it is time to do the same for the digital age.
| Point of Comparison | Singapore Gold ETFO87 · SPDR Gold Shares | Spot BitcoinProposed · $SBTC |
|---|---|---|
| Auditability | Periodic third-party vault attestation; bar lists published quarterly | Continuous on-chain verification; reserves auditable in real time by any party |
| Storage & Custody Cost | 0.40% expense ratio — insured vaulting, transport and physical handling | 0.19%–0.25% typical — qualified custodian, no physical logistics |
| Transferability | Physical settlement is slow and costly; cross-border transport is regulated | Final global settlement in minutes, 24/7/365, independent of banking hours |
| Supply Schedule | Indeterminate — annual mine supply grows ~1.5%–2.0% with price incentives | Fixed at 21,000,000. Issuance is mathematically enforced and halves every 4 years |
| Volatility (30D) | ~13% annualised | ~44% annualised |
| YTD Performance | +21.4% | +48.7% |
| Singapore Retail Access | Available — O87 (SPDR Gold Shares) listed since 2006 | Unavailable — no locally listed spot product |
Performance and volatility figures are indicative, compiled from public market data for illustrative comparison only. Past performance is not indicative of future results. Digital assets carry material risk of capital loss. Nothing on this page constitutes financial advice or an offer to sell securities.
04The Actionable Roadmap
From market education to the opening bell.
- Phase 1In progress
Market Education
Aggregating global capital-flow data and guiding Singaporeans to regulated offshore brokers for compliant exposure today.
- Weekly flows dashboard
- Broker due-diligence guides
- Retail investor briefings
- Phase 2Forming
The Consortium
Uniting Capital Markets Services (CMS) license holders and Single Family Offices (SFOs) behind a single, coordinated policy position.
- CMS working group
- SFO capital commitments
- Issuer & custodian mandates
- Phase 3Drafting
The Sandbox
Drafting a formal proposal for a regulatory sandbox pilot for $SBTC, with defined investor protection and custody standards.
- Sandbox application
- CIS amendment brief
- Custody & audit framework
- Phase 4Target
Singapore Listing
The launch of Singapore’s first fully backed, locally custodied spot Bitcoin ETF — accessible to every retail investor in Singapore.
- Prospectus & approval
- Market-maker onboarding
- Opening bell
05Brokerage & Exchange Guide
How to Gain Exposure in Singapore Today.
Until $SBTC is a reality, Singaporeans can legally utilize these locally regulated and global platforms.
Route 01
US & Hong Kong Listed ETFs
Gain exposure through regulated brokerage accounts with access to IBIT, FBTC and HKEX-listed products. Held as securities in your own name.
Tiger Brokers
Licensed (Capital Markets Services)
0% comms, US ETF access
- US, HK & SG market access
- Low FX conversion spreads
- Integrated research tools
Route 02
Direct Spot Crypto
Hold spot Bitcoin directly with a regulated exchange. Full custody optionality, including withdrawal to self-custody.
Coinhako
Major Payment Institution licence
SGD pairs, locally licensed
- Direct SGD on-ramp
- Singapore-based support
- Recurring buy schedules
Coinbase
Major Payment Institution licence
Direct custody, globally regulated
- Institutional-grade custody
- Publicly listed (NASDAQ: COIN)
- Self-custody withdrawals
Kraken
Globally regulated exchange
Deep liquidity, proof of reserves
- Cryptographic proof of reserves
- Advanced order types
- Strong security record
Affiliate disclosure: Links in this section may be affiliate links, and we may receive compensation if you open an account. This does not influence our editorial assessment. Licensing status is summarised for convenience and may change — always verify a platform's current standing with the relevant financial regulator before transacting. Nothing here is financial advice.
06Partnerships & Family Office Portal
Build the Future of Singapore With Us.
We are seeking strategic alignment with Single Family Offices (13O/13U frameworks) and traditional asset managers. Our leadership brings 15 years of enterprise tech product management and advanced data analytics to drive the technical and marketing architecture.
Contact the Partnerships Desk
Enquiries are treated as confidential.
Mandate & Credentials
- 13O / 13U
- Family office tax incentive frameworks
- 15 yrs
- Enterprise tech product management
- CMS
- Licence holder coordination