Posted 4/15/2024, 7:54:00 AM
Hong Kong Crypto ETF Approvals Spark Price Gains Amid Unconfirmed Reports
- Bitcoin and ether prices rose after Hong Kong ETF applicants announced spot crypto ETF approvals
- Companies like China Asset Management and Bosera Capital posted on WeChat about getting Hong Kong's SFC approval
- The SFC has not officially confirmed the ETF approvals
- Some believe approved ETFs could unlock more Asia-based institutional demand
- Broader macro events remain bigger price drivers, per trading firm QCP Capital
