🧵 1. Financial institutions in Hong Kong are gearing up to launch Ethereum spot ETFs to compete globally in the cryptocurrency market, following the success of Bitcoin ETFs in the US. #crypto
🧵 1. Financial institutions in Hong Kong are gearing up to launch Ethereum spot ETFs to compete globally in the cryptocurrency market, following the success of Bitcoin ETFs in the US. #crypto
🧵 2. Bitcoin spot ETFs in the US saw a net inflow of $2.24 billion, driving Bitcoin prices to new highs. Hong Kong institutions eye similar opportunities with their own ETF products.
🧵 3. Hong Kong's move to introduce Ethereum spot ETFs aims to bridge the gap with the US and attract more local investors by offering accessible investment products.
🧵 Read more at: https://cryptonews.com/news/hong-kong-financial-institutions-eye-ethereum-etfs.htm