"🔔News from Hong Kong: China Asset Management and Bosera Capital have received conditional permission to launch ETFs on Bitcoin (BTC) and Ethereum (ETH). This could be a big boost for the crypto market, especially in Asia. Despite the ban on cryptocurrency trading in China, It is expected that these ETFs could trigger a wave of demand from Chinese investors reaching $25 billion. However, analysts believe that Hong Kong will find it difficult to compete with the United States due to the significant difference in the size of financial markets."