Bitcoin and Ethereum Spot ETFs accepted in Hong Kong!

in bitcoin •  8 months ago 

This is great news people... Bitcoin and Ethereum spot ETFs have just been accepted in Hong Kong. Of course, it isn't the United States, which would have caused the markets to ride one giant wave upwards, but it is still Hong Kong, making it much easier for the wealthy people there to buy Bitcoin and Ethereum, and making it much easier for countries nearby with close attachments to Hong Kong to access such exchange-traded funds... And yes, China isn't far away, which means there are for sure Chinese companies registered in Hong Kong etc that will take advantage of this.

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We can already see the markets respond positively to this news, and it is also great to see that the sell-off from Friday evening due to the Iranian attack on Israel seems to have calmed down.

Now we only need to pray for this not to evolve into something big, but for Israel (and Iran), to somehow bring this to an end before it gets any worse.

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