Hong Kong Stock Market Update | SINOHOPE TECH surges over 8% as market anticipates approval of Bitcoin ETF, Bitcoin breaks through $47,000.
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SINOHOPE TECH surged more than 8%, as of the time of writing, it rose 8.02% to HKD 2.02, with a turnover of HKD 1.0162 million. On the news front, the market expects US regulatory agencies to approve the first-ever direct investment in Bitcoin ETFs. BlackRock, Ark, and several other potential Bitcoin ETF issuers submitted amended forms earlier on Monday. Analysts believe that this is the final step in obtaining approval for Bitcoin ETF applications that have been submitted for over a decade. As a result, Bitcoin briefly rose by 6.2% to over $47,000, marking the largest intraday gain since November 15th.
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