In 2024, the global stock market rose by 17%, the price of gold also rose by 27.2%, and bitcoin rose by more than 1.2 times. In Hong Kong, the approval of 11 bitcoin spot ETFs by the Hong Kong Securities Supervision Commission at the beginning of last year was regarded as a milestone, providing investment opportunities for institutional investors. Among them, bitcoin spot ETFs have risen by 40% since their listing at the end of April last year; but Ethereum spot ETFs have generally only risen by...