Europes Largest Bank Embraces Crypto ETFs, Triggering Market Surge

By Lola Coin Jun 26, 202355Views

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The crypto market sentiment has experienced a notable upswing in recent weeks due to the filing of spot Bitcoin exchange-traded fund (ETF) applications by institutional investors. This has boosted confidence among market participants and driven crypto prices to new multi-month highs. The trend is gaining momentum as more financial institutions, including HSBC, join the ETF bandwagon. HSBC Hong Kong, the largest bank in the region, has allowed its customers to buy and sell Bitcoin and Ethereum ETFs on the Hong Kong exchange. Hong Kong regulators have also pressured major banks to accept more crypto clients, encouraging them to not be afraid. This support for crypto ETFs and the push to become a crypto and fintech hub align with Hong Kong’s efforts to foster crypto growth in the region.

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