Coinidol.com: The volatile tug-of-war in price action resumed on December 1st, with Bitcoin (BTC) price slipping over 4% in early trading, signaling a renewed "risk-off" mood as the market reacted to global economic uncertainty and poor data reads.
This launch is notable for two key reasons: it is Asia’s first spot Solana ETF and it dramatically expands the suite of virtual asset ETFs already available in Hong Kong, which includes existing spot Bitcoin and Ethereum funds, Coinidol.com reports.
The Hong Kong Securities and Futures Commission (SFC) announced that it is preparing rules for the licensing of cryptocurrency exchanges and businesses.
The recent breakthrough of the $30,000 price level has already been taken as the first real sign of the coming crypto spring. Bitcoin and cryptocurrency experts are already placing their bets on the next possible price movement.