Hong Kong Stock Market News | SINOHOPE TECH drops more than 10% as Bitcoin experiences severe volatility. Investors are concerned that the US SEC will reject the approval of a certain Bitcoin ETF.

New Fire Technology Holdings fell more than 10%, dropping 10.67% to HKD 2.01 at the time of publication, with a turnover of HKD 2.64 million. On the news front, at the end of Wednesday's session in New York, the CME Bitcoin futures BTC main contract was reported at USD 43,340.00, down 4.26% from the end of Tuesday's session in New York. Intraday trading ranged from USD 46,015.00 to USD 41,110.00. There was a "dive from USD 45,000 to USD 41,000" in the pre-market of US stocks. According to reports, a report from financial services company Matrixport is circulating in the market, stating that the US Securities and Exchange Commission will reject the approval of a Bitcoin spot ETF this month. The author of the report is Marcus Tilen, the research director. This report is obviously just speculation, but it is being treated as a genuine report and has some analytical basis.