🪙Asia prepares to introduce bitcoin-ETF

🇰🇷South Korea will approve an #ETF on #BTC if the opposition Democratic Party wins the upcoming election.

🇯🇵Japanese investment giant will launch a bitcoin-ETF for institutional investors.

🇨🇳A $284 billion Chinese fund has applied to launch a bitcoin-ETF through Hong Kong.

Mass adoption getting closer?

#News

⚡️Hong Kong may approve spot #bitcoin-ETF as early as April 15

In addition, the local SEC has updated the list of applicant companies to 18.

Hong Kong Stock Exchange will need another two weeks to prepare the listing after approval.

#News #ETF

⚡️South Korea's opposition party won the election

Why it matters

As we wrote earlier, the opposition is positive towards bitcoin, before the election they promised to approve #ETF for #BTC if they won.

Now we wait for the fulfillment of election promises and another step of Asian region to meet cryptocurrencies 💸

⚡️Hong Kong may approve spot #ETF to #ETH following bitcoin's lead

A decision is expected as early as Monday, April 15.

Is Asia charging full steam ahead? 🧐

#News

⚡️ Head of #SEC Gary Gensler gave an interview. Here are the key points:

🌐 We oversee a capital market of $110 trillion. #Cryptocurrency is just a small part of this market, but it comes with many issues and fraud.

📣 The media pays too much attention to the cryptocurrency market, although it is very small compared to other segments.

📈 A large number of tokens are securities.

⚙️ Approval of #ETF #ETH is being considered.

💪 #BTC has once again outperformed #gold, this time in terms of #ETF

By the end of the first quarter of this year, 937 professional firms invested in American spot #Bitcoin ETFs, while only 95 invested in gold.

❤️ — if you don't know what "professional firms" are and need a #dictionary

💸 #MorganStanley invested $269.9 million in Grayscale's spot #Bitcoin #ETF in the first quarter

Now Morgan is the largest holder of GBTC after Susquehanna International Group, who invested $1 billion.

First banks criticize #BTC, and then they buy it 🧠

⚡️ The #SEC might approve an #ETF for #ETH on May 23

For now, the decision will only apply to VanEck.
For the largest contender for launching ETH ETFs, #BlackRock, the review period is set for August 7.

Meanwhile, QCP Capital believes that if the spot ETH ETF is approved, we can expect #ethereum to reach $5000 this year.

#CryptoNews #Opinion

🔷 #Memecoins on #Ethereum are showing growth amidst news about #ETF

Certain coins are experiencing up to 161% growth due to speculative news 🚀

Meanwhile, forecasts for the price of #ETH, in the event of an ETF launch, predict it reaching $14,000 by the end of next year 💰

#CryptoNews

#Opinion

🔷 Analyst Eric Balchunas from #Bloomberg believes that the #SEC decision on the #Ethereum #ETF can be expected around 23:00 (GMT+3)

In January, the approval for the launch of a #BTC ETF was published around the same time 💰

In Eric's comments, there's some irony about whether we should expect a hack of the SEC account this time as well. Recall that a day before the official publication about the #bitcoin ETF, a message about the approval appeared on the SEC's page, causing a spike in the digital gold price. The SEC later stated that the account had been hacked.

So, #ETH to the moon? 🚀

🔥 — yes
🌚 — no