bestonlinevideopokerforrealmoney| Good and exciting! Hong Kong stock cryptocurrency ETF bucked the trend and strengthened with the biggest gain of more than 19%

Financial Associated Press, May 21 (Editor Hu Jiarong) Today, most stocks in the Hong Kong stock market have been adjusted.BestonlinevideopokerforrealmoneyHowever, boosted by the good news in the market, the cryptocurrency ETF strengthened against the market.

As of press time, Boshi Ethernet currency (09009Bestonlinevideopokerforrealmoney.HK) up 19Bestonlinevideopokerforrealmoney.25%, 03046.HK 19.22%, 03179.HK 19.20%, 03008.HK 6.80%, 03042.HK 6.71%.

Note: the performance of cryptocurrency ETF

On the news side, there are reports that the Securities and Exchange Commission (SEC) may approve spot ethernet ETFs within this week. According to people familiar with the matter, regulators are urging the exchange to speed up the updating of relevant ETF application documents, which could mean that the listing of ETFs is expected to be approved by the deadline of this Thursday.

While some fund managers expect their applications to be rejected by SEC because communication with regulators is not as frequent as when Bitcoin ETF went public, the situation is not entirely pessimistic. There is a view that even if the application is rejected, the applicant may take legal action, which will bring new hope for Ether Square ETF to enter the market. In addition, while SEC may postpone another key process indefinitely, the listing of etheric currency ETF is still a possibility.

As of press time, ETH (Ethernet Square) rose 19.12% to $3685.82.

Note: the trend of ETH

At the same time, according to the latest data on Monday, bitcoin spot ETF has also reversed its decline and received nearly $1 billion in new capital injection within the day, suspended.BestonlinevideopokerforrealmoneyThere is a trend of capital outflow.

Why the cryptocurrency ETF attracts more attention from the market?

In fact, the United States approved the listing of bitcoin spot ETF on its exchange earlier this year, long before the Hong Kong stock market opened up the cryptocurrency ETF.

These ETF are issued by a number of organizations, including Grayscale, Bitwise, Hashdex, iShares, Valkyrie, Ark 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity and Franklin. According to relevant data, only about three months after listing, the spot bitcoin ETF in the United States has continued to flow in large amounts, with a scale of nearly $58.9 billion.

The chief Asia-Pacific analyst at Bloomberg industry research ETF previously said that spot bitcoin and Ethernet coin ETF assets in Hong Kong are expected to reach $1 billion under management, but whether this goal can be achieved may depend on the speed of improvement in infrastructure and ecosystem.