Today, spot Bitcoin and Ethereum ETFs are officially listed and traded in Hong Kong:
Good news came from Hong Kong. Three Hong Kong funds: China Asset Management, Harvest International, and Boshi International announced that Bitcoin and Ethereum spot ETFs will be officially listed on the Hong Kong Stock Exchange today, April 30.
It can be said that this news is the only good news in April, which has troubled the entire currency circle. Perhaps everyone is more concerned about the issuance scale of these three issuers in Hong Kong. On January 10 this year, the first batch of issuers approved by the United States will reach US$125 million on the first day, except for Grayscale.
The first-day scale of these three issuers in Hong Kong will exceed this number, among which China Asset Management has the largest scale.
So what will be the impact on our retail investors?
The good impact is: Hong Kong, as the financial center of Asia, can see that Asian funds are constantly entering the digital currency market, thereby driving up the price of currency.
The bad influence is: as more and more professional institutions enter the market, the market will be more closely linked to the international situation and the entire financial environment, and will be more susceptible to some complex factors.
Another thing is that this ETF is only open to Hong Kong, not to the mainland, so it has nothing to do with us. Generally speaking, there will be more opportunities after the opening, and it depends on whether you can seize them.
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