The Bitcoin ETF in Hong Kong increased by more than 40% throughout 2024, but the Ethereum ETF only grew by approximately 1%

In 2024, the global stock market rose by 17%, gold prices also increased by 27.2%, and Bitcoin surged more than twofold with great momentum. In Hong Kong, the approval of 11 Bitcoin spot ETFs by the Securities and Futures Commission at the beginning of last year was seen as a milestone, providing investment opportunities for institutional investors. Among them, Bitcoin spot ETFs have risen unevenly by about 40% since their listing at the end of April last year; however, Ethereum spot ETFs generally only rose around 1%, underperforming compared to ETH price trends. Analysts believe that last year was a significant year of transformation for the industry and expect this year's key industry terms will include compliance implementation, institutional layout, policy benefits and innovative breakthroughs etc.