Victory Securities: Hong Kong is expected to launch virtual asset ETFs as soon as the first quarter of this year
On January 12th, Hong Kong licensed virtual asset securities broker Success Securities' executive director, Chen Peiquan, stated that the recent approval of spot ETFs in the United States is seen by the "coin circle" as a key link between virtual currency and actual exchanges, which is expected to attract more investors. The Hong Kong Securities and Futures Commission also stated that it accepts applications for the listing of virtual currency spot ETFs. He revealed that although Hong Kong's fund companies have not yet submitted applications, they are actively preparing for it, and it is expected that in the first quarter of this year, multiple fund companies will express their intention to apply, and even succeed in their applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
