Mar 14, 2024

CryptoQuant Head of Research Julio Moreno weighs in on the possibility of Hong Kong approving spot ether ETFs before the U.S. as the region is equipped with a clearer regulatory framework.

Video transcript

This spot, Bitcoin ETF update is presented by Grayscale, the world's largest crypto asset manager. Do you think that it's possible we'll see a spot to E ETF approved somewhere else before it's approved here in the United States. Well, I've been reading, you know, um especially um in Hong Kong, they're really working um to launch this spot. Um E ETF. So and I think that because the US, you know, they, they got, they got their first mover advantage with Bitcoin rights. Um maybe some other places will like to have that but for Ethereum, right? And so I think it may make sense for Hong Kong, which has already, you know, clear regula regulations uh to, to launch another, you know, the second largest uh crypto, right? Uh as a spotted DF that will give them like the first move advantage. So I think that uh uh in other, in other, I think in other countries, it's gonna be probably uh could be like first to the US um for, for the quality yet.

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