So what about Hong Kong #ETF ?
Complete collapse and nothing more - after the listing of the first spot Bitcoin and Ethereum ETFs, the trading volume was only $6.3 million. For comparisonđ: the trading volume of spot #Bitcoin ETF in the USA, on the first day of listing, was $4.6 billion.
In fact, due to positive expectations that Hong Kong ETFs would outperform US ETFs on the first day, longs failed. Started shopping too earlyđ€·đ»ââïž
Fortunately, you and I were ready for this declineđđ» and now we will have a great opportunity to buy out all this drawdown.
What is a BTC ETF on an exchange?
A Bitcoin ETF (Exchange-Traded Fund) is a publicly traded investment fund that tracks the value of the underlying asset, Bitcoin. It allows investors to profit from the rising value of Bitcoin without directly owning the cryptocurrency. The company that manages the ETF buys and stores real Bitcoin, and the fund's price is tied to its value.
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