Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut
Summary
Bitcoin (BTC) was near $63,000, down 1% in 24 hours. Altcoins like ether (ETH), solana (SOL), dogecoin (DOGE) declined 4%-6%. Crypto markets lacked a clear direction, cooling from last month's record-breaking prices. Hong Kong's upcoming spot bitcoin and ether ETFs didn't generate the same anticipation as U.S. ETFs. ChinaAMC executive expressed confidence in the ETFs' initial listing scale surpassing the U.S. debut's $125 million. OSL confirmed significant capital inflow for the new offerings. ETFs are expected to benefit crypto prices by providing more liquidity and broadening funding channels.
