Hong Kong SFC Receives Spot Bitcoin ETF Applications
TLDR:
- 10 financial institutions in Hong Kong are preparing to launch BTC ETFs.
- NuggetRush, a unique GameFi project, is looking to capitalize on the building bullish momentum, preparing for a 10x surge.
- Kaspa is also flagging bullish signals, with forecasts of a rally to $0.245 by August.
Following in the footsteps of the United States, Hong Kong could get a spot Bitcoin ETF in the coming week. This happens as ten financial institutions in the country intend to file to launch spot ETFs.
With bullish momentum building in the crypto market, NuggetRush (NUGX) has emerged as a potential market leader. Kaspa (KSP) is another altcoin to watch as it prepares for its halving event in 2024. Let’s find out more about these trends.
Hong Kong SFC Receives First Spot Bitcoin ETF Application
Joining the United States, Hong Kong seeks to tap from the benefits of Bitcoin ETFs. As reported by Tencent, the country has received its first spot Bitcoin ETF application. Harvest Hong Kong has reportedly submitted an application to the Hong Kong Securities and Futures Commission (SFC).
Although no approval has been granted, 10 other financial institutions are preparing to file more applications. The Tencet report suggested that Hong Kong may follow the steps of the U.S. if the applications meet the SFC’s ETF acceptance criteria.
Already, the crypto market has turned bullish. The price of Bitcoin has increased by 10% on the weekly chart, rising above the $43,400 level. With Bitcoin setting the precedence, NuggetRush has emerged as one of the best altcoins to buy.
NuggetRush (NUGX) Shakes Up the GameFi Sector, Prepares To Rally
The GameFi sector has been growing at an outstanding rate over the last few months. However, in this rapidly growing market, NuggetRush (NUGX) stands out as a potential industry changer. While GameFi projects solely focus on the virtual world, NuggetRush has extended its reach to the real world using its impact gaming model.
In the virtual world of NuggetRush, players embark on expeditions to mine valuable minerals such as gold. Collaborating with other gamers and miners increases their chances of receiving in-game rewards, which can then be converted into real cash.
NuggetRush, however, is not just about its immersive mining virtual world. The platform intends to share some of the rewards with miners in underdeveloped regions, making it both profitable and impactful. This makes NuggetRush one of the best DeFi projects.
It is because of this revolutionary concept that market experts are hyper-bullish about NuggetRush. In just a few of its cryptocurrency ICO, NuggetRush has sold over 167 million of its native token, NUGX. Now priced at $0.018 per coin, experts have predicted a 10x surge in the first quarter as NuggetRush prepares for launch.
Kaspa (KAS) Price Prediction
Kaspa (KAS) is one of the top altcoins that surprised investors in 2023. It surged from a 2023 low of $0.005278 to $0.1389, an increase of 2,531.68%. While the token experienced downward movement later on, it regained momentum and soared to $0.154 in November.
The year 2024 is shaping up to be an exciting one for Kaspa, especially when it comes to predictions for the Kaspa coin. There are two halving events planned for 2024, which could influence Kaspa’s price.
Firstly, there is a Bitcoin Halving event in April 2024. Afterwards, there is the Kaspa Halving event in August 2024, presenting a good opportunity for the altcoin price to increase. Analysts are forecasting a new all-time high of $0.2453 in 2024.
Conclusion
The recent development in Hong Kong highlights the growing adoption of the cryptocurrency industry. As Bitcoin sets the way for a bull market, NuggetRush (NUGX) and Kaspa (KSP) are two of the best altcoins you can hold in 2024.
Visit the NuggetRush Presale Website
Join our WhatsApp and Telegram Community to Get Regular Top Tech Updates
TLDR:
- 10 financial institutions in Hong Kong are preparing to launch BTC ETFs.
- NuggetRush, a unique GameFi project, is looking to capitalize on the building bullish momentum, preparing for a 10x surge.
- Kaspa is also flagging bullish signals, with forecasts of a rally to $0.245 by August.
Following in the footsteps of the United States, Hong Kong could get a spot Bitcoin ETF in the coming week. This happens as ten financial institutions in the country intend to file to launch spot ETFs.
With bullish momentum building in the crypto market, NuggetRush (NUGX) has emerged as a potential market leader. Kaspa (KSP) is another altcoin to watch as it prepares for its halving event in 2024. Let’s find out more about these trends.
Hong Kong SFC Receives First Spot Bitcoin ETF Application
Joining the United States, Hong Kong seeks to tap from the benefits of Bitcoin ETFs. As reported by Tencent, the country has received its first spot Bitcoin ETF application. Harvest Hong Kong has reportedly submitted an application to the Hong Kong Securities and Futures Commission (SFC).
Although no approval has been granted, 10 other financial institutions are preparing to file more applications. The Tencet report suggested that Hong Kong may follow the steps of the U.S. if the applications meet the SFC’s ETF acceptance criteria.
Already, the crypto market has turned bullish. The price of Bitcoin has increased by 10% on the weekly chart, rising above the $43,400 level. With Bitcoin setting the precedence, NuggetRush has emerged as one of the best altcoins to buy.
NuggetRush (NUGX) Shakes Up the GameFi Sector, Prepares To Rally
The GameFi sector has been growing at an outstanding rate over the last few months. However, in this rapidly growing market, NuggetRush (NUGX) stands out as a potential industry changer. While GameFi projects solely focus on the virtual world, NuggetRush has extended its reach to the real world using its impact gaming model.
In the virtual world of NuggetRush, players embark on expeditions to mine valuable minerals such as gold. Collaborating with other gamers and miners increases their chances of receiving in-game rewards, which can then be converted into real cash.
NuggetRush, however, is not just about its immersive mining virtual world. The platform intends to share some of the rewards with miners in underdeveloped regions, making it both profitable and impactful. This makes NuggetRush one of the best DeFi projects.
It is because of this revolutionary concept that market experts are hyper-bullish about NuggetRush. In just a few of its cryptocurrency ICO, NuggetRush has sold over 167 million of its native token, NUGX. Now priced at $0.018 per coin, experts have predicted a 10x surge in the first quarter as NuggetRush prepares for launch.
Kaspa (KAS) Price Prediction
Kaspa (KAS) is one of the top altcoins that surprised investors in 2023. It surged from a 2023 low of $0.005278 to $0.1389, an increase of 2,531.68%. While the token experienced downward movement later on, it regained momentum and soared to $0.154 in November.
The year 2024 is shaping up to be an exciting one for Kaspa, especially when it comes to predictions for the Kaspa coin. There are two halving events planned for 2024, which could influence Kaspa’s price.
Firstly, there is a Bitcoin Halving event in April 2024. Afterwards, there is the Kaspa Halving event in August 2024, presenting a good opportunity for the altcoin price to increase. Analysts are forecasting a new all-time high of $0.2453 in 2024.
Conclusion
The recent development in Hong Kong highlights the growing adoption of the cryptocurrency industry. As Bitcoin sets the way for a bull market, NuggetRush (NUGX) and Kaspa (KSP) are two of the best altcoins you can hold in 2024.
Visit the NuggetRush Presale Website
Join our WhatsApp and Telegram Community to Get Regular Top Tech Updates
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