Hong Kong greenlights Bitcoin and Ethereum spot ETFs
The approval of spot exchange-traded funds (ETFs) approval for Bitcoin (BTC) has long been considered a crucial step for its acceptance as a legitimate asset class. After the U.S. Securities and Exchange Commission (SEC) finally gave the green light to the first such ETFs in January, the price of Bitcoin surged in anticipation. This excitement resulted in a brief rise above $49,000 – the highest level since December 2021 – as trading for these groundbreaking products began in the U.S. However, it’s important to note that these U.S. ETFs restrict themselves to BTC, leaving Ethereum (ETH), the world’s second-largest cryptocurrency, on the sidelines. Picks for you Andrew Tate says this crypto blockchain ‘will be huge’ 23 mins ago Short squeeze alert: 2 cryptocurrencies with skyrocketing potential this week 15 hours ago Bitcoin aims lower after losing strong support; Key levels to watch 17 hours ago UFC 300 victorious fighter wants th...