The largest bank in Hong Kong has started offering Bitcoin and Ethereum ETF trading. "This week, a leak revealed HSBC Hong Kong, the city's biggest bank, has reportedly begun allowing its customers to trade bitcoin and ethererum exchange-traded funds (ETFs) listed on Hong Kong's stock exchange....What’s happening in Hong Kong may be a proxy for ultimately how these markets grow in greater China."

Now maybe I'm the idiot here, but can someone explain to me exactly how this will "earthquake" the price of cryptos like Doge or XRP as the Forbes title states? I guess that I can see why they would mention Cardano or Solana as these along with a very selective few other cryptos are actually approved for trading in Hong Kong and could somehow also benefit in the near future. But those others aren't even approved for listing, let alone them being offered as ETF trading by HSBC.

Anyways that's it for now, short and sweet. It'll be interesting to see what this will do with the Bitcoin price in the next coming days, as of now BTC is holding steady above 30K, but it's not looking too good for many alts as a lot of them have already lost most of their recent gains. Better buckle up everyone🎢