Crypto asset ETFs are bought and sold directly through banks! The rise of Hong Kong and the competition for chips on Wall Street have begun. It turns out that Sun Ge received the news in advance and bought a large amount of ETH.
The battle for crypto ETFs between Hong Kong and Wall Street has officially begun, and the two markets will compete for investors' funds and attention. Of course, there is another point. Wall Street has not passed the spot ETF of ETH, so Hong Kong can get a huge influx of funds, and the Hong Kong official responded that investing in crypto assets will be more convenient and can be bought and sold directly in banks.
The Hong Kong Investor and Financial Education Committee stated that the investment scope of spot virtual asset ETFs is limited to virtual assets provided to the Hong Kong public for sale on virtual asset trading platforms with SFC licenses.
Investors can buy and sell virtual asset spot ETFs through securities firms or banks, and investors can subscribe and redeem through securities firms or banks.
I just want to say that this news is very nice. Sun Ge recently bought hundreds of millions of dollars of Ethereum. When many people were in a state of doubt, they didn't know that he had already known through internal information that Hong Kong had passed the spot ETF of ETH, so Hong Kong's approval would definitely force Wall Street to pass it.
Just after the news from Hong Kong came out, Franklin's Ethereum spot code was immediately listed on the DTCC website. Does this news sound familiar? A month before Bitcoin passed, the Bitcoin spot ETF codes of BlackRock and Franklin were listed on the DTCC website, so Sun Ge's news was very accurate.
Then Wall Street can't wait, but the Hong Kong ETF will be officially traded at the end of April, and the time has come for Hong Kong and Wall Street to grab retail chips.
In addition, for the good news and strong performance of Hong Kong, we have to look at CFX, ACH and other Hong Kong sectors. Perhaps good news will continue to pour in. Since Sun Ge's news is so well-informed, we must also follow these strong tracks and projects next. The rise of Hong Kong and the rise of encryption are unstoppable. #ENA #大盘走势