China’s largest fund has applied for a spot Bitcoin ETF in Hong Kong, marking a significant shift amid the country’s previous crypto restrictions. Following a severe crypto ban in 2020 and 2021, major funds like Southern Fund and Harvest Fund are now seeking exposure to Bitcoin through Hong Kong’s regulatory framework. This move reflects growing institutional interest in Bitcoin, which could validate it further in China’s market. Meanwhile, in the U.S., significant investments from major players like BlackRock are driving up Bitcoin trading volumes. On the altcoin front, platforms like Bas and projects like Taboo are also gaining traction in the crypto landscape.
China’s BlackRock Just Unleashed the Cryptocurrency Bulls: Cardano and Bitcoin Updates
