📉 Cryptocurrency markets are seeing a slight dip, with the CoinDesk Market Index down 3% in the last 24 hours. Bitcoin is wavering near $63,000, despite the upcoming debut of Hong Kong's spot Bitcoin and Ether ETFs.
🇭🇰 The first batch of these ETFs will start trading on Tuesday morning, but this has failed to ignite the same level of anticipation as the US spot Bitcoin ETFs did.
💱 However, ChinaAMC's head of digital asset management, Zhu Haokang, is confident that the initial listing scale of Hong Kong’s virtual asset spot ETF can exceed the issuance scale on the first day of the United States.
📊 He also believes that these ETFs will be beneficial for crypto prices by improving liquidity and expanding participation.
👇 What are your thoughts on this? Will these ETFs have a significant impact on the crypto market? Let's discuss in the comments!