The Hong Kong Stock Exchange will list two new spot virtual asset ETFs next Wednesday, issued by MicroBit, for Bitcoin and Ethereum, with management fees as low as 0.5%.
Wow, this wave of Asian ETF frenzy is really exciting, and Hong Kong is taking the initiative again. HashKey is becoming a trading platform, and it seems like it will attract more institutional funds.
Compared to the speed at which the U.S. SEC is processing the Solana ETF, Asia is much faster, and the regulatory environment is friendly, almost shouting 'Come play!'.
I personally think this will boost the demand for BTC and ETH in Asia, especially during a bull market, as retail investors find it easier and more convenient to buy ETFs.
In the coming months, the influx of Asian capital may become mainstream, so don't miss the opportunity to increase positions amidst price fluctuations.