Is China secretly stacking Bitcoin and gearing up to unban it? Let me break down why I think they’re about to make a huge move—and sooner than you think.
The 3 Hong Kong spot Bitcoin ETFs surpassed HK$2 billion ($272M) in assets under management since launching this year. The growth shows increasing institutional appetite for regulated Bitcoin products in Asia.
Hong Kong's Spot Bitcoin ETFs saw their largest inflow in over a month, with the ChinaAMC Bitcoin ETF taking in 274 BTC worth $15M. The steady climb in assets shows growing Asian interest in regulated Bitcoin investment products.
Mox, a Hong Kong virtual bank owned by Standard Chartered, launched Bitcoin and crypto ETF trading. This makes Mox the first virtual bank in Hong Kong to offer such product.
Hong Kong's largest online brokerage Futu has launched retail Bitcoin trading on its platform. The move comes as the city aims to establish itself as a Bitcoin and crypto hub.
Hong Kong's hotly anticipated spot bitcoin ETFs are expected to launch by end of April, potentially yielding up to $25 billion in capital inflows according to industry analysts.
