The investment director of Bitwise said that investors have started to build positions in crypto assets for the next few years, and virtual asset ETFs in Hong Kong rose across the board yesterday

With Trump's victory confirmed, the cryptocurrency Bitcoin has climbed to an all-time high. Matthew Hougan, investment director at Bitwise Asset Management, believes that the entire cryptocurrency circle has been like a tied-up activity for many years, but it should now come to an end. Investors have now started to build positions in crypto assets for the next few years.
Virtual currency ETFs traded in Hong Kong were completed yesterday, with Bosera Bitcoin, which holds bitcoin in stock, rising 7% to close at 57.04 yuan, a new listing high. Huaxia Ether, which holds ether in stock, rose 6.9% to close at 6.28 yuan. Virtual currency ETFs traded in RMB rose more significantly, with Huaxia Bitcoin up 8.1% to 8.41 yuan; Huaxia Ether rose 7.3% to 5.79 yuan.