Market Insight | OSL Group surged nearly 10%, Bitcoin back above $66,000 USD

OSL Group rose nearly 10% at one point, and as of the time of publication, it has risen by 5.44% to HKD 7.37, with a turnover of HKD 20.6938 million. On the news front, the year-on-year growth rates of US CPI and core CPI in April slowed down, reigniting expectations of interest rate cuts. After the data was released, the US dollar fell, pushing assets such as Bitcoin higher. The price of Bitcoin surged above $66,000 on Wednesday, marking its best performance since March 2023. In addition, according to OSL data, in the first week of the listing of the first batch of spot virtual asset ETFs in Hong Kong, the asset management scale has exceeded HKD 2.4 billion. OSL Digital Securities Limited serves as the custodian and trading partner for the first batch of spot Bitcoin and Ethereum ETF virtual assets launched by Huaxia Fund (Hong Kong) and Harvest Global Investments (HGI), occupying 76% of the market share