Recent reports from local media in Hong Kong indicate that ten financial institutions are gearing up to apply for the launch of Bitcoin spot ETFs in the region.

The Hong Kong Bitcoin move comes at a crucial time, with Bitcoin spot ETFs gaining significant traction in the United States and Hong Kong seeking the opportunity to transform from a follower to a leader in the global digital asset market.

US Spot ETFs Leave Asian Investors in FOMO

In the United States, the Securities and Exchange Commission (SEC)-approved Bitcoin spot ETFs have already attracted a substantial net inflow of funds exceeding $9.5 billion within the 40 trading days since the launch. This surge in interest has fueled…

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