Regulatory Approvals and Institutional Adoption:
• Hong Kong’s Regulatory Approvals: Hong Kong’s Securities and Futures Commission has approved four additional cryptocurrency exchanges, bringing the total number of regulated platforms to seven. This move aims to establish Hong Kong as a global hub for digital asset trading.
• European Crypto ETP Growth: In November, cryptocurrency exchange-traded products (ETPs) in Europe attracted £108 million in net inflows, marking the third-best month of 2024. This surge reflects growing investor interest and a prolonged Bitcoin rally, signaling a “turning point” for digital assets.