📉Hong Kong Bitcoin ETF is launched, but trading volume is dismal
Today, the Hong Kong Stock Exchange launched Bitcoin spot ETF. However, it is heartbreaking that investors with mainland accounts cannot buy it. Only Hong Kong and overseas investors can participate in the transaction.
It is reported that the three ETFs only traded 20 million Hong Kong dollars in one hour after opening, which is really pitiful. In contrast, any altcoin can easily beat such trading volume.
The launch of Hong Kong's ETF is mainly symbolic in the currency circle and has not caused much waves in the market. The domestic market, as the main force of currency speculation, has not yet responded to the launch of this ETF.
However, this also marks the progress of the currency circle. Ethereum, as a leader in cryptocurrency, has flown from a pheasant-like existence to a branch, and the pace of transformation to a regular army is getting closer and closer.
Although the trading volume of Hong Kong ETFs is not optimistic, it is also part of the development of the digital currency market. We look forward to the future and hope that this move will bring more compliance and stability to the digital currency market and provide investors with a safer investment channel. 📉
