🤑𝙂𝙀𝙏 𝙁𝙍𝙀𝙀 𝙍𝙀𝙒𝘼𝙍𝘿 𝙐𝙋𝙏𝙊 8$ 𝙐𝙎𝘿𝙏 𝘼𝙉𝘿 𝙋𝙀𝙋𝙀 𝘾𝙊𝙄𝙉𝙎 𝙁𝙍𝙊𝙈 𝙈𝙔 𝙏𝙒𝙊 📌 𝙋𝙄𝙉𝙉𝙀𝘿 𝙋𝙊𝙎𝙏𝙎💰🤑💸

Hong Kong Bitcoin ETF Expected to Outperform $125M US Launch

The much-anticipated Hong Kong Bitcoin ETF market will begin trading on Tuesday, marking a major milestone in the acceptance of the main cryptocurrency and building on the US ETF market.

Debut of HK Bitcoin ETF Market Could Break Records
Warsaw Fund Digital Asset Management Supervisor and Family Wealth Supervisor Zhu Haokang was optimistic about Hong Kong Bitcoin ETF trading volume on its first day.

Haokang said that Huaxia, one of the three ETF issuers, expects to be the biggest on day one. Digital asset platform OSL has raised two funds, including Huaxia, in its maiden funding.

The fund's non-listed portion complements its listed stake, distinguishing it from competitors. Investors, including Bitcoin miners, may buy the Hong Kong virtual asset spot ETF using their Bitcoin utilizing the physical purchasing method.

ETF-free nations like Singapore and the Middle East have been targeted for investor outreach, creating substantial interest.

Hong Kong's cash and in-kind subscriptions and open trading during Asian market hours are anticipated to draw many American investors, according to Haokang, despite the large US spot Bitcoin ETF market.

Restricted Mainland Chinese Investment
OSL ETF and Trusteeship Business Manager Wayne Huang said that Victory Securities may simplify physical purchases and that China's winning securities can use OSL's backing.

Three coupons allow tangible transactions, with more coming. After the ETF's debut, voucher chambers of commerce may join the Bitcoin ETF market in May.

BTC is at $63,000 after failing to consolidate over $66,000 in previous days. The Hong Kong ETF market debut is likely to dramatically affect BTC prices in the long term.

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