The U.S. spot BTC ETFs now hold more than 500k BTC.

in H4LAB Research • 16 days ago (edited)

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A week ago, spot BTC(Bitcoin)&ETH(Ethereum) ETF(Exchange-Traded Fund)s were approved by the SFC(Securities&Futures Commission of Hong Kong). These products are not traded yet. Many media said that trading will start 30th this month.

After commencing of trading, I expect that these products will absorb tons of BTC&ETH on exchanges like the 🇺🇸 spot BTC ETFs. That's the reason why I'm positive of the BTC price in the mid-term(less 1 year).

#btc #bitcoin #eth #ethereum #spot #etf #hongkong
16 days ago in H4LAB Research by
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     16 days ago 

    This comment is for rewarding my analysis activities. Upvotings will be proceeded by @h4lab and @upex

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     16 days ago 

    Congratulations, your post has been upvoted by @upex with a 100.00% upvote. We invite you to continue producing quality content and join our Discord community here. Keep up the good work! #upex

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       15 days ago 

      Will Bitcoin continue to rise

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