Hong Kong investors didn't disappoint. As I said yesterday, they are taking the tempered approach to #BTC and #ETH Spot #ETFs. After all, why go all in at $65k when the can buy $60k or lower?
coindesk.com/markets/2024/0…
🔥BIG BREAKING🔥
🇺🇸 U.S. #Bitcoin#ETFs had 383 times more trading volumes 📈than the Hong Kong 🇭🇰 #Bitcoin and #Ethereum#ETFs combined on first day.
What explains this? 🤔
#Bitcoin is about to snap a seven-month winning streak due to several factors, including a slowdown in demand for spot #ETFs.
According to #Fairlead Strategies, Bitcoin’s dominance rate has risen past a critical level, signaling further upside.
#Bitcoin#BTC#Crypto#LQR…
#Bitcoin and Ethereum face losses amid Hong Kong's lackluster ETF debut 😞 Six ETFs manage only $11M in trades on day one, far from the expected $100M 📉 BTC drops below $61K, ETH slips to $3,066 💰 In contrast, US spot BTC ETFs hit $655M 🚀 #Crypto#ETFs#Investing#Ethereum…
JUST IN: MARKETS DROP AFTER HONG KONG #BITCOIN & #ETHEREUM ETF RECORDS LOW DEMAND.
- The 6 Hong Kong #ETFs drastically missed market expectations on the first day of trading, with a combined trading volume of only $11 million, a tiny fraction of the $125 million many expected.
Hong Kong's new spot Bitcoin and Ethereum ETFs debut with $11 million volume, a stark contrast to US counterparts which saw $4.5 billion. Asia's first spot virtual asset ETFs mark a milestone in the region's market evolution. #Bitcoin#Ethereum#ETFs#HongKong
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