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🔹Reviews of Cognitive Society
On April 15, Bitcoin fell back to 62,500 and then soared to 66,800.
The reason for the strong rebound of Bitcoin and Ethereum is that the Bitcoin and Ethereum spot ETF in Hong Kong was approved, but the theoretical significance is greater than the practical significance.
The first is that the liquidity of Hong Kong stocks is not ideal in itself, let alone spot ETFs;
Second: The total market value of the entire HK spot ETF itself is only 50 billion, which is a very small market value;
Third: The participating institutions are too weak, and there are no large companies, banks or financial institutions from the mainland participating. The atmosphere is not right.