CRYPTO NEWS - H.K. Seen Approving Bitcoin, Ether ETFs as Soon as Monday

By 2MFTProductions | 1BTC | 12 Apr 2024

Huge news from BNN Bloomberg here in Canada. 

And yes, this is rumor and speculation. Buy the rumor and sell the news.

But if the rumor is to be believe as early as Monday an Etherium and a Bitcoin spot ETF will be approved next week. Talk about a huge month for the Maxis out there. As if the pending halving isn't enough of a tailwind, now Asian retail inflows are coming. 

According to blockworks, as of 2:00PM EST on the 12th of April, 2024 the top 10 Bitcoin ETFs have a combines marketcap of $58.3 billion. Roughly 3% of Bitcoin's marketcap at the time of writing. Hong Kong will not have the same kind of impact as the US market, but this is a big step in the race to become the eastern crypto hub.


My only regret was not buying more at $12,000.

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