Market participants believe that cryptocurrency ETFs still have potential for growth in Hong Kong
2024-05-16 01:39:58
The analysis pointed out that the transaction of cryptocurrency ETFs in Hong Kong is not enthusiastic, mainly due to the weakening trend of virtual coins themselves and the recent rebound of Hong Kong stocks to absorb a large amount of funds. However, market participants believe that since Hong Kong virtual currency spot ETFs provide a unique physical redemption mechanism and do not directly compete with the most prosperous US market during trading hours, it is believed that such ETFs still have potential for development in Hong Kong.
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