Nilesh Maurya,MBA’s Post

#breaking Another country, another ETF. This time it's #hongkong that is making the mark with spot #ETF approvals of #bitcoin and #ethereum This introduction of spot #Bitcoin and #ETH #ETFs in #HongKong could draw substantial global #investment, echoing the #U.S. success story, where Bitcoin ETFs amassed a staggering $58 billion in assets since January Could this take #bitocin prices to newer highs amongst the #geopolitcial showdown between #iran and #israel. Exciting times to wait and watch https://lnkd.in/d2Bwaqxq

Despite making their much-anticipated debut in the Hong Kong market, Bitcoin and Ether ETFs were barely able to hit modest trading volumes.  The total trading volume of the ETFs amounted to over 87M HKD (equivalent to $11 million), which is significantly below the market expectations.  This figure is also a fraction of the record-breaking trading volume witnessed during the US debut of the crypto ETFs. #bitcoin #ether #btc #eth #cryptoetf

🚨Snapshot: US🇺🇸 Crypto Outflow vs. Hong Kong🇭🇰 ETF Inflows. ▪️ US saw a $251 million digital asset outflow last week. ▪️ New #HongKong ETFs countered with $307 million proceeds. ▪️ Price fluctuations triggered US sell orders, totaling $504 million. ▪️ #Bitcoin led outflows with $284 million. ▪️ Other cryptos like #Avalanche, #Cardano, #Polkadot saw small inflows. https://lnkd.in/dcSWgkDw

Crypto Market Remains Focused on Spot Bitcoin ETF Flows Over Fundamentals ... - Yahoo Finance: Crypto Market Remains Focused on Spot Bitcoin ETF Flows Over Fundamentals: Coinbase · Spot bitcoin ETFs recorded their first week of net outflows.

It's official! 🎉 Hong Kong is set to become Asia's first financial hub to accept cryptocurrency products as mainstream investment tools. Just three months after the U.S. launched its first ETFs to track spot bitcoin, they have already attracted approximately $12 billion in net inflows. With bitcoin's price soaring more than 50% this year, reaching an all-time high of $73,803 in March, the launch of the bitcoin and recent Ether ETF adds another layer of accessibility and legitimacy to the global crypto market. 💸 #HongKong #ETFs #Ether #Bitcoin

A recent Bitfinex Alpha report shows a shift in Bitcoin (BTC) ownership, revealing short-term investments surge, driven by the popularity of spot Bitcoin ETFs, while long-term holders remain confident in the market. Recently, there has been a notable change in Bitcoin (BTC) ownership in the crypto market, especially among short-term holders. #BITCOIN #ShortTermInvestors #Surge

🚀 Ethereum ETF Approval Sparks Major Market Moves! 🌐 With recent approvals of Ethereum ETFs in the United States, over $3 billion worth of Ether has been withdrawn from crypto exchanges, indicating a significant supply squeeze. This historical low in Ether's exchange presence might set the stage for potential price surges as demand outpaces available supply. 🔗 Read the Full Story: https://lnkd.in/gFBMNHhQ 💬 Discussion: What impact could this shift from exchanges to private wallets have on Ethereum's market dynamics? #Ethereum #ETF #CryptoMarket #SupplySqueeze #InvestmentTrends