US Treasury demand weakens, crypto market rallies broadly, Global X Fintech Etf (03185.HK) surges over 5%

NewTimeSpace News: As U.S. fiscal sustainability weakens and the quality of dollar collateral continues to decline, demand for U.S. Treasuries has diminished, with international reserve currencies showing a clear trend toward diversification—benefiting digital currencies in the process. On April 14, Global X Fintech Etf (03185.HK) surged over 5%.

Meanwhile, the broader cryptocurrency market rallied on April 14, with Bitcoin reclaiming the $74,000 level and Ethereum breaking above $2,300, boosting overall market sentiment.

Hong Kong Stock Exchange data shows that Global X Fintech Etf (03185.HK) tracks the Indxx Global Fintech Thematic Index. Compiled by Indxx LLC, the index employs free float market capitalization weighting with quarterly rebalancing. Constituents must derive ≥50% of revenue from fintech-related businesses, including digital payments, online lending, InsurTech, WealthTech, blockchain infrastructure, and credit/RegTech. The index currently comprises approximately 70 constituents covering major markets such as the U.S., China, India, Brazil, and Japan.

The fund allocates roughly 35% to China, India, and Brazil combined, alongside established leaders from the U.S. and Europe, capturing dual drivers of "penetration growth" and "earnings realization." With a historical beta of approximately 1.3, the index demonstrates greater elasticity than traditional financial or tech broad-based indices during periods of declining interest rates or recovering risk appetite.

On the news front, Shinhan Bank's Vietnam branch is aggressively expanding its POS business, having deployed approximately 6,000 payment acceptance points since its launch in April 2025. Starting April 13, 2026, the bank will add international card brands including JCB and UnionPay International to its existing Visa and Mastercard offerings, enhancing cross-border and tourist payment convenience.

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