Hong Kong has been a relative latecomer to crypto trading, approving its first three cryptocurrency futures ETFs in late 2022. The approval and launch of spot bitcoin ETFs in the US this year has spurred demand from investors who believe the token s limited supply will push prices higher.
Bitcoin rose as much as 4.1% to $59,053 on Wednesday at 8:50 a.m. in London. It has risen on all but eight trading days so far in February, rallying 39% for the month.Guest author: , Bloomberg