Once the ETF is listed, institutions scramble to buy, and retail investors will be too late if they hesitate!

Simply put, Hong Kong is about to launch spot ETFs for Bitcoin and Ethereum!

On August 21, the Hong Kong Stock Exchange officially started selling MicroBit's Bitcoin ETF and Ethereum ETF, with a management fee of only 0.5%, cheaper than in the United States! This means that large funds can more easily enter the market to buy cryptocurrencies without having to deal with wallets and exchanges themselves.

Why is this important?

Cheap! A management fee of 0.5%, lower than previous ETFs in Hong Kong and more cost-effective than those in the U.S.

Convenient! Institutions and large investors can directly exchange Bitcoin and Ethereum for ETF shares, making the market more active.

Strong signal! Hong Kong's continuous approval of crypto ETFs indicates that the Asian market is fully embracing Bitcoin and Ethereum, and more funds may flow in the future!

Impact on the market:

Short term: Before the ETF listing, the market may speculate on expectations, leading to a potential rise in Bitcoin and Ethereum.

Medium term: More large funds entering the market may reduce price volatility, but the long-term trend will be more stable.

Long term: If Hong Kong succeeds, Singapore and Japan may follow suit, and the global crypto market will become even more vibrant!

Long Brother's viewpoint:

Don't FOMO, but consider gradually positioning yourself; there may be fluctuations before and after the ETF listing.

Hold for the long term, as large institutions are investing real capital, and the second half of the bull market may be even stronger!

What is the biggest fear in a bull market? It's not a crash, but being left out of the ride! Are you prepared with your position before August 21? #山寨币谷歌热度创五年新高