⚡️China Asset Management, Bosera Capital, HashKey Capital, and Harvest Global Investments have reported obtaining permission.

Matrixport believes that the launch of spot #ETFs in Hong Kong could stimulate additional demand for #BTC worth $25 billion.

Will this help offset the decline in the price of Bitcoin over the weekend?

Grayscale predicts approval of altcoin-based #ETFs

Approval is expected within the next two to three years, but there is a possibility that it may happen sooner.

👍 - if you are waiting
🚀 - if you are waiting for ETFs of meme coins

💼 Bank of New York Mellon noted #BTC #ETFs from #BlackRock and #Grayscale in its asset statement

Exactly as expected — institutions are starting to actively utilize this instrument 🪙

🪙 #BTC is influenced by spot #ETFs

There is a correlation: as soon as demand from ETFs decreases, Bitcoin stops growing.
From January to March, ETFs accumulated more than 200,000 BTC, which triggered the rise from $40,000 to $75,000 📈

🪙The correction of #BTC is record-breaking in the current bull cycle

Meanwhile, the capital outflow from spot Bitcoin #ETFs amounted to $564 million.

Are you already buying or waiting for better opportunities? 💸

📉 The volume of Hong Kong cryptocurrency #ETFs turned out to be 268 times lower compared to American ones

Bloomberg analyst Eric Balchunas referred to ETFs in Hong Kong as "child's play" compared to trading by heavyweight financial players in the US, such as BlackRock, Fidelity, and Grayscale.

In total, Hong Kong funds manage around 4 000 bitcoins, whereas the assets of just the #BlackRock ETF alone amount to over 270 000 coins 💧