Hong Kong Bitcoin ETF will increase by more than 40% in 2024, while Ethereum ETF will only increase by about 1%

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ODAILY
01-02
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Odaily reported that in 2024, the global stock market cumulatively rose 17%, and the gold price also rose 27.2%, while Bitcoin soared by over 1.2 times. The SEC's approval of 11 Bitcoin spot ETFs at the beginning of last year was seen as a milestone, providing investment opportunities for institutional investors. Hong Kong also approved ETFs in April, and Bitcoin spot ETFs listed at the end of April last year have cumulatively risen by around 40% since then. Ethereum spot ETFs generally only rose around 1%, underperforming the rise in ETH prices. Analysts believe that last year was an important year of transformation for the industry, and the key words for this year are expected to include compliance implementation, institutional layout, policy benefits, and innovative breakthroughs.

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