Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

The first batch of Hong Kong-listed spot bitcoin and ether ETFs will start trading on Tuesday morning.

BTC drifted lower during the day from $64,000 over the weekend, slipping briefly to $61,800 before recovering to just near $63,000 at U.S. afternoon hours. The largest crypto by market value was recently changing hands at $63,000 down about 1% in the past 24 hours, holding up better than the broad-market CoinDesk Market Index , which lost 3% over the same period.

"I am very confident that the initial listing scale of Hong Kong’s virtual asset spot ETF can exceed the issuance scale on the first day of the United States," said Zhu Haokang, head of digital asset management and family wealth.

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