Hong Kong’s financial regulator has published guidelines for the approval of BOTH “in-kind” and “cash creates” Spot #Bitcoin ETFs! 👇
This is arguably MORE bullish than the US ETFs, as most of the volume in #crypto comes from the Asian markets.
2. And secondly, the approval of “in-kind” refers to the buyers being able to redeem the ETFs for the actual underlying asset of #Bitcoin
are dropping, both long-term and short-term buyers are accumulating, and that after the halving, we will have much less #Bitcoin available per day in market.
So what does this mean?
In summary, supply will drop DRASTICALLY and demand will INCREASE.
All of these factors are incredibly bullish, and increase the probability of a super cycle in 2024!
Good luck and follow me for more news, content, trends and even signals in the future😅.
