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Bitcoin News | 4 months ago (raw) | export | reply | flag 
 Hong Kong Bitcoin ETFs’ Buying Spree; 425 BTC Purchased This Week.
While the German government is offloading Bitcoin, the Hong Kong Bitcoin ETF market is on a buying spree. According to a recent tweet by the House of Chimera, Hong Kong Bitcoin ETFs purchased Bitcoin for four consecutive days, accumulating 425 BTC over the course of the week.
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sella maurtan | 3 months ago (raw) | root | parent | reply | flag 
 Hong Kong Exchange-Traded Funds (ETFs) have recently made a significant acquisition in the form of Bitcoin (BTC). The ETFs purchased 425 BTC, which is equivalent to approximately $24 million. This development is seen as a sign of market maturity and could have an impact on the price of BTC. Increased demand from financial institutions often leads to rising prices as it reduces the available supply on the market