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OKX's Hong Kong affiliate, OKLINK, has announced that there is potential for more Tier 1 (L1) tokens like Solana to be accepted as ETFs in the future. This development follows the recent approval of a spot ETF for Ethereum operating on Proof of Stake (POS) in Hong Kong.
The first-day issuance scale of the three Hong Kong Bitcoin spot ETFs reached US$248 million on April 30, well exceeding the initial launch scale of the US Bitcoin spot ETF (excluding Grayscale), which was approximately US$125 million on January 10.
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However, subsequent market performance was not as optimistic as expected. As of May 15, 2024, the total asset management scale of six Hong Kong virtual asset spot ETFs exceeded HK$2 billion (about US$264 million), while China Asset Management's Bitcoin asset management scale was 816 million, about 40% of the total. He invented the Hong Kong Dollar.
While these figures pale in comparison to the size of the US Bitcoin spot ETFs (about $51.4 billion), considering the size of the ETF market in Hong Kong ($50 billion) and the US ($8.5 trillion), Hong Kong's local financial Its impact on the market is quite significant.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/chinese-analysts-announced-after-bitcoin-and-ethereum-this-altcoins-spot-etf-may-launch-in-hong-kong/" rel="noopener noreferrer nofollow">Chinese Analysts Announced: After Bitcoin and Ethereum, This Altcoin’s Spot ETF May Launch in Hong Kong</a>

Chinese Analysts Announced: After Bitcoin and Ethereum, This Altcoin’s Spot ETF May Launch in Hong Kong

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