Hong Kong ETF Launch Flopped?🔥China Ban Reversed Soon?🚨
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- Опубликовано: 13 июн 2024
- Hong Kong spot Bitcoin and Ether exchange-traded funds (ETFs) have attracted more than $200 million in total assets on their April 30 debut. At the time of publication, the Hong Kong Stock Exchange has not updated the asset management data for the spot Bitcoin and Ether ETFs of Harvest Global, the third ETF issuer. However, the combined turnover for these two ETFs has reached $23 million. Did it flop compared to expectations? What's next?
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00:00 Intro
00:22 Sponsor: iTrust Capital
01:00 Hong Kong ETF Flop?
02:50 ETF Launch LIVE
04:25 Sell the news event?
05:52 Crypto Redemption Feature
08:45 Hong Kong Becoming Crypto Hub
10:05 Fee Wars Begin
12:00 Demand is coming
13:54 Web3 vs TradFi
15:10 ChinaAMC crypto basket next
18:18 ETF Connect program coming
19:26 Media Blames China Crypto Ban
20:54 China may lift crypto ban in 3 months
22:08 Real test is Ethereum
23:06 Charts
23:30 Outro
#Crypto #Bitcoin #Ethereum
~Hong Kong ETF Launch Flopped?🔥China Ban Reversed Soon?🚨~
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Flop? How? This is what the elite want you to believe with all those ridiculous headlines all over the internet. A slow and steady progression was expected in hongkong
That's because people listen to those T/A "experts" constantly talking about what Bitcoin did 3 minutes ago.
ROFLMAO
Setup an automatic buy and don't worry about it. Live your life while you save in Bitcoin.
In 2028 when the next halving happens you will have been happy long before that.
He said it was going to be a slow start. The blackrock ETFs took a month or so to filter through. So it needs time... its not a problem
Lottery players.
Buy, hold, live you life.
Bitcoin will melt faces.
So many people don’t know how to wait! Stay calm, hodle and enjoy the summer
And buy the dip!
they are all bots, dont worry. only trying to buy low
Why would I trade cryptos for an ETF?
Good video
So that's why they made this crash, Hong Kong needs to buy low..lol
bingo!
I am from HK. I think I am more than entitled to say that HK is no longer the HK that we used to know.
what does that mean?
.
its better then ?
appreciate you james
I like the music, sounds very hopeful and the horizon of a brighter future for all!!
OH...I thought it was just the Mining that was banned in China. Very interesting. Thanks for the info Paul. Great Channel!
Satoshi does not show his face, meanwhile Brad Garlinghouse is a better example what Satoshi's problem
Adoption is adoption is adoption. Another door has opened. more and more demand will come.
😂 Adoption controlled by INSTITUTIONS ONCE AGAIN....GOOD JOB
You can’t say it’s a flop or anything else after day 1, damn
The journey of a 1000 miles starts with the first step. Thanks for excellent coverage of what will game charger for crypto.
Doesn't in kind model negate price action? Somebody explain to me what I am missing.
No one explains if the Hong Kong ETF investors get fiat or BtC in redemption ? Are they similar like Ibit that they keep the btc and investors are paid in fiat?
Its golden week holiday in China and Hong Kong. Wait until next week.
The whole crypto space is like an overhyped movie.
😂 Over Hyped Movie controlled be BIG $$ ONCE AGAIN....DECENTRALIZATION WAS A SCAM..😂
Missed whose expectations? Didn't I just hear him say "we expect a slow start. . ."?
"In kind" redemptions seem kinda pointless, if you have spot BTC why would you send it to an ETF and pay the yearly fee when you can just self custody the BTC for no fee? US is different since its tricky for institutions to legally self custody crypto which is dumb and forces institutions to buy only ETF products that would have 0 need to exist if existing laws were modified so institutions could custody their own assets. (they cant bc banks wont let them)
I think its a way of them controlling the crypto, think of it. Give me you asset and I will give you this paper.
@@davesmith7658BINGO!!😊
Also Ethereum has a spot ETF in Canada
Maybe the Chinese are waiting for a lower entry point. They're not dumb.
Paul, What do you think the bottom will be on Bitcoin in the near future?
Lol.. dude wake up! Paul has no idea.
Sheep 🐑 will be Sheep 🐑
59,600
52500
Zero 😂
@@Solo_adv Maybe not, but like you, I'm sure he has an opinion.
The paper hands hands freaking out. Nothing new. Im still dca
Sell the news event... same with Blackrock ETFs
52000 is the near bottom
I think more like mid 50's and if it doesn't turn bullish after 2-3 weeks, the run is over for the short term at least.
they all got coins already
If people have crypto, they can buy bitcoin etf but these people would definitely buy bitcoin directly from the exchange instead of buy bitcoin etf.
16:18 I just feel like we haven't learned anything from Grayscale and we are willing to lose this race and go broke.
The taxi driver said we are still within “Bull Channel” until we break $59K.
Dang it’s all over
😂😂😂
Lmaooo
I bought my first coin at the ATH 😢😢😢
Not to worry. Think of the long run you’ll be in profit in this bull cycle. You can buy the dip for dollar cost averaging
Thanks for the cheer me up 😊 I’m not going anywhere
Paul I told you so!!!! Make sure you give me a heart ❤️
So much for the hype with the Hong Kong ETF as BTC and crypto markets crash double digits. As they say sell on news lol!
The only crypto I would trust in my iIRA would be bitcoin
A LITTLE BIT OF BOTH 😊
Super successful launch 🚀 moon only
people in asia not dumb,thyey wont buy at ath ,things will kick in at 35-40k lvls
Why did they release the ETF while there was a ban?
Xi Junping must have been pissed
im getting really sick of waiting, will crypto summer hurry the fck up
YOU. ARE. A. BOT.
@@INeedsMoneys yes a Russian bot , wtf that got to do with my comment ?
The Hong Kong wtf market is tiny.
A dip to $32k coming.
Then it will Allah candle to $125k to $230k
I would love that. I have 400k on the sidelines. I’ll deploy all of it at 40k
@@paulkieffer1189Same
You must be a follower of Gareth Soloway. He's been calling for $32K since it hit $35K
@@paulkieffer1189 No you won't because when it gets to 40K you'll wait for 35K, then wait some more for 32K and you won't buy any at all. Same old story.
We all know that whoever makes price predictions ngmi...
W Hong Kong
Omg this time tomorrow, job done, flies back tomorrow,
Total over reaction
Looked like a U.S flop week 1
Looks like Ponzi flop all day long 😂
@@lurker668 Then stay out of crypto and you won't lose anything, will you?
Real question.
You said the U.S. is lagging behind, but they have taken over the Mining %.
How does that play out in the long run if they control the majority of mining BTC after China gave it up?
Apologies folks, it's my fault .. I had all this dry powder just laying around, but needed to drop to buy more; the Good News is .. All setbacks are just temporary; and it's a setup for a comeback!
Peace
Addendum: once $SOL drops approximately another $24 bucks; I will get back in and run BTC back up to around $70k, and it will go savage from there.
SOL is SOL. only good for bot trades
Hong Kong will always have big Brother China looming overhead They won’t lead Jack squat.
Can buy ETF using crypto? Sign me in! Soon USA will be left out.
So Russia bans bitcoin but goes all in on XRP??
Flop!!! Beta Test Coin BTC
Innovation? Of what? Crypto crap networks cant stand 100 ppl transacting at once 😂😂😂
Tell me you don't know anything about crypto without telling me.🤣
😂😂😂😂
Wow, what a copycat video title & thumbnail... totally copied InvestAnswers
Scamfluencer
Etf is flop 😂 nothing to see here end of Ponzi 😂
why is it i domt thrust the chart but blaloala news. its pretty irri maRnnn i hate shorts
You u-tube influencers know nothing! about price movement of crypto. Pfhh!
What did you expected? yet financial adviser ? 😂
Neither do you.
Wow beautiful Bitcoin bull run guys!! Crypto just like stocks is garbage!! Rigged against the plebs... Invest more money guys!! Bitcoin is going to 1million lol; silly serfs.