Posted 3/30/2024, 12:20:18 PM
Hong Kong Bitcoin ETF Could Spark Further Surge for Cryptocurrency
- Bitcoin has surged over the past year, with the price going over $70,000
- Analysts predict a Hong Kong spot bitcoin ETF could trigger another big price increase
- Unlike Wall Street ETFs, a Hong Kong ETF could allow "in-kind" bitcoin creations and redemptions
- This could attract more investors and trading volume to the bitcoin market
- Even a small percentage of Chinese investors legally investing in bitcoin could be very significant
