Spot Bitcoin ETFs continue to be the talk of the town following the SEC decision on Bitcoin ETFs in January. In a remarkable event that will be remembered for years to come, the US SEC finally approved the first Bitcoin ETFs on January 10, 2024. This sent a ripple of excitement across the financial world, with Hong Kong now eyeing this novel investment product.
The first spot Bitcoin ETF application in Hong Kong was filed by Harvest Fund Management with the Hong Kong SFC (Securities and Futures Commission) on January 26. This is hot on the heels of the market’s success in the US and the benefits of Bitcoin ETFs being made clear.
The anticipated time of approval is after the Lunar New Year—at the earliest. Venture Smart Financial Holdings Ltd. and Samsung Asset Management are also toying with the idea of Bitcoin ETFs and have shown significant interest in the investment product. If more asset managers file new applications, the SFC might take a similar route as the US and approve all applications simultaneously.
Meanwhile, Optimism (OP) and InQubeta (QUBE) appear primed to skyrocket. Brimming with potential, investors have been shifting their focus to these top crypto coins, aiming to ride their strong bullish wave to the moon.
InQubeta (QUBE): Bracing Up to Skyrocket Post-Launch
InQubeta (QUBE) stands out in several areas, checking many key boxes as a new and promising narrative. Yet to be launched, the presale is in its seventh stage, and a token costs only $0.0224. To date, the ICO has soared past $8.6 million in early funding, suggesting rising popularity and confidence in its potential.
Thanks to its intersection between AI and blockchain, it is currently one of the most bullish narratives. It aims to transform the burgeoning AI sector through a crypto-based crowdfunding platform for AI tech startups. Further, its custom-built NFT marketplace will serve as a hunting ground for new and cutting-edge AI ventures, which investors can become early backers of regardless of their income.
With the presale ongoing, you can become an early adopter. According to analysts, it is the best new crypto to invest in and is tipped for a 55x rally after launch. To HODL and participate in the ongoing presale, simply click the link below.
Harvest Fund Management Applies For the First Spot Bitcoin ETF in Hong Kong
The spot Bitcoin ETF fever is spreading, and Hong Kong is set to be a new offerer of the investment product. Although the first spot Bitcoin ETF was launched in Canada, approval by the US SEC is expected to open the floodgates, with many countries set to follow suit.
In an exciting development, the first spot Bitcoin ETF application has been filed in Hong Kong. Harvest Fund Management submitted its Bitcoin ETF application with the Hong Kong SFC on January 26, a development hailed as a further stride towards mainstream adoption.
Venture Smart Financial Holdings Ltd. and Samsung Asset Management are also considering filing an application, which the SFC might approve simultaneously. Judging from the performance of Bitcoin spot ETFs in the US, the Hong Kong Bitcoin ETF market may perform the same way.
Optimism (OP): Aiming for a Strong Rally
Optimism (OP) has been gaining traction of late, putting it in the spotlight. Although the Bitcoin ETF impact on crypto prices was initially bearish, investor sentiment post BTC ETF has been on the rise.
Catching this bullish wave, Optimism was among the first to rally, highlighting its remarkable performance and potential. After breaking the nearest resistance, analysts are predicting a period of rallying—one not to be missed.
Its next bull run will be on the back of soaring demand as a popular layer-2 scaling solution. Further, the rise in market sentiment will propel Optimism’s price, making it one of the best cryptos to buy now.
Conclusion
The Spot Bitcoin ETF is aiming to find its way in Hong Kong after Harvest Fund Management filed the first application with the SFC. Meanwhile, Optimism and InQubeta are fast becoming investor favorites for staggering gains. If you wish to participate in the InQubeta presale, click the link below.
Visit InQubeta Presale | Join The InQubeta Communities
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