Early afternoon on April 15, 2024, Wu Blockchain cited announcements from relevant parties stating that Hong Kong authorities had preliminarily approved applications to launch spot Bitcoin and Ethereum ETFs.
Announcements from the official WeChat accounts of China Asset Management, Bosera Capital, HashKey Capital, and Harvest Global Investments all confirmed that their ETFs had been approved.
According to preliminary calculations, there are currently four approved entities. This information aligns with the “rumors” from the previous week, indicating that Hong Kong might approve a Bitcoin spot ETF the following week.
Thanks to this positive information, the prices of Bitcoin and Ethereum are showing strong recovery after two days of steep decline over the weekend.
1h chart of ETH/USDT pair on Binance on April 15, 2024
BTC is currently fluctuating around $66,300, slightly up after a flash crash to as low as $60,600 on April 14.