OKLINK, OKX’s subsidiary in Hong Kong, Solana He explained that there is the potential for more Tier 1 (L1) tokens to be accepted as ETFs in the future. This development has led to Proof of Stake (POS) based businesses in Hong Kong. Ethereum It follows the recent approval of a spot ETF for .

Three Hong Kong Bitcoin The spot ETF’s first-day issuance scale reached US$248 million on April 30, well exceeding the US Bitcoin spot ETF’s initial launch scale (excluding Grayscale) of approximately US$125 million on January 10.

However, subsequent market performance was not as optimistic as expected. As of May 15, 2024, the total asset management scale of six Hong Kong virtual asset spot ETFs exceeded HK$2 billion (about US$264 million), while China Asset Management’s Bitcoin asset management scale was 816 million, about 40% of the total. He invented the Hong Kong Dollar.

While these figures pale in comparison to the size of the US Bitcoin spot ETFs (about $51.4 billion), considering the size of the ETF market in Hong Kong ($50 billion) and the US ($8.5 trillion), Hong Kong’s local financial Its impact on the market is quite significant.

*This is not investment advice.

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Source: https://www.bitcoinsistemi.com/cinli-analistler-acikladi-bitcoin-ve-ethereumun-ardindan-bu-altcoininde-spot-etfsi-hong-kongda-cikabilir/

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