Bitcoin (BTC) Spot ETF Flow Data and Market Trends

Even though global tensions have eased, the net inflows into BTC spot ETFs on Monday are essential for understanding the demand picture after the halving event. New data shows that $82.8 million left the Bitcoin market in the week ending April 12. This could have an immediate effect on the short-term demand for Bitcoin.

Nikkei Asia reports that Hong Kong has taken a big step toward accepting cryptocurrencies as mainstream alternatives to make investments. The Hong Kong Securities and Futures Commission (SFC) has approved the first spot Bitcoin and Ethereum exchange-traded funds.

Bosera Asset Management and China Asset Management, two well-known financial institutions, said that the ETFs could now be launched after getting regulatory permission. This is a major turning point for crypto investments in the area.

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