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

In 2024, the global stock market rose by 17%, and the gold price also rose by 27.2%. Bitcoin rose by more than 1.2 times. At the beginning of last year, the SEC approved 11 Bitcoin spot ETFs, which was regarded as a milestone, providing investment opportunities for institutional investors. Hong Kong also approved ETFs in April. Bitcoin spot ETFs have risen by 40% since they were listed at the end of April last year; Ethereum spot ETFs generally rose by only about 1%, which was not as good as the rise in ETH prices. Analysts believe that last year was an important year of change for the industry. It is expected that the keywords of the industry this year will include compliance implementation, institutional layout, favorable policies and innovative breakthroughs. (Ming Pao)