香港与美国加密货币ETF大战激起投资者热情

随着新的加密货币 ETF 在香港获得批准，人们对比特币、以太坊和 XRP 价格大幅上涨的预期不断上升。这一发展正值香港和美国之间对加密货币流入的​​激烈竞争之际，这对投资者来说是一个潜在的福音。

Hong Kong and U.S. Markets Position for Battle over Crypto ETF Dominance, Fueling Investor Excitement

香港和美国市场争夺加密货币 ETF 主导地位，令投资者兴奋不已

Introduction

介绍

Amidst intensifying competition between Hong Kong and the United States for cryptocurrency inflows, the approval of new cryptocurrency exchange-traded funds (ETFs) in Hong Kong has raised expectations for a significant surge in the prices of Bitcoin, Ethereum, and XRP. This development marks a potential boon for investors seeking exposure to the growing digital asset ecosystem.

在香港和美国对加密货币流入的​​竞争加剧的情况下，香港新的加密货币交易所交易基金（ETF）的批准引发了人们对比特币、以太坊和XRP价格大幅上涨的预期。这一发展对于寻求参与不断发展的数字资产生态系统的投资者来说是一个潜在的福音。

Hong Kong and U.S. ETF Dominance

香港和美国ETF占据主导地位

According to a recent report by CoinGape, Bosera Capital, Harvest Global, and China Asset Management have received approval to launch spot Ethereum and Bitcoin ETFs in Hong Kong. Industry analysts believe that this move could trigger a surge in demand for these ETFs, potentially outstripping supply and driving up the prices of the underlying cryptocurrencies, including Bitcoin, Ethereum, and XRP.

根据 CoinGape 最近的一份报告，博时资本、嘉实环球和华夏基金已获得批准在香港推出以太坊和比特币 ETF 现货。行业分析师认为，此举可能会引发对这些 ETF 的需求激增，可能会超过供应并推高基础加密货币（包括比特币、以太坊和 XRP）的价格。

Demand Outstrips Supply

需求超过供应

In the United States, the Securities and Exchange Commission (SEC) has recently approved a fleet of spot Bitcoin ETFs, which have attracted over $50 billion in assets under management since their inception in January. This unprecedented demand for Bitcoin ETFs has fueled a significant rally in the price of Bitcoin, which had been capped by years of regulatory resistance.

在美国，美国证券交易委员会 (SEC) 最近批准了一系列现货比特币 ETF，自 1 月份推出以来已吸引了超过 500 亿美元的管理资产。对比特币 ETF 的前所未有的需求推动了比特币价格的大幅上涨，而多年来的监管阻力一直限制着比特币价格的上涨。

Wall Street Giants Join the Crypto ETF Race

华尔街巨头加入加密 ETF 竞赛

Investment behemoths BlackRock and Fidelity have emerged as the frontrunners in the U.S. Bitcoin ETF market, with approximately $15 billion and $9 billion in assets under management, respectively. The success of these ETFs has emboldened market players to anticipate similar performance from Hong Kong-listed ETFs.

投资巨头贝莱德和富达已成为美国比特币 ETF 市场的领跑者，管理资产分别约为 150 亿美元和 90 亿美元。这些 ETF 的成功让市场参与者更加大胆地预期香港上市 ETF 也会有类似的表现。

Mainland China's Cryptocurrency Restrictions

中国大陆的加密货币限制

Despite Hong Kong's recent embrace of cryptocurrency ETFs, mainland China continues to maintain a ban on any form of digital currency transactions. This prohibition effectively excludes mainland Chinese funds from accessing Hong Kong-listed Ethereum and Bitcoin ETFs. Hong Kong issuers have acknowledged these regulatory constraints, further limiting the potential investor pool for these ETFs.

尽管香港最近欢迎加密货币ETF，但中国大陆仍然禁止任何形式的数字货币交易。这项禁令实际上阻止了中国内地基金进入香港上市的以太坊和比特币 ETF。香港发行人已承认这些监管限制，进一步限制了这些 ETF 的潜在投资者群体。

Southbound Stock Connect Excludes Digital Currency

港股通不包括数字货币

The Southbound Stock Connect scheme, which facilitates cross-border investment between mainland China and Hong Kong, does not include digital currency items due to China's cautious stance towards cryptocurrency risk. This restriction further dampens the potential inflow of mainland Chinese capital into Hong Kong-listed cryptocurrency ETFs.

由于中国对加密货币风险持谨慎态度，促进中国大陆和香港之间跨境投资的南向股票互联互通计划不包括数字货币项目。这一限制进一步抑制了中国内地资本流入香港上市的加密货币 ETF 的可能性。

Bitcoin Struggles Amidst Resistance

比特币在阻力中挣扎

Despite the positive sentiment surrounding ETF approvals, Bitcoin's price has faced resistance in recent days, falling below its recent highs. While bulls remain optimistic, citing ETF inflows and the impending halving, bearish traders predict a potential reversal due to macroeconomic factors and industry headwinds.

尽管围绕 ETF 批准的情绪积极，但比特币的价格最近几天面临阻力，跌破近期高点。虽然看多者仍保持乐观，理由是 ETF 流入和即将到来的减半，但看跌交易者预测，由于宏观经济因素和行业逆风，情况可能会出现逆转。

Funding Rates and Resistance Levels

资金费率和阻力位

According to research from the cryptocurrency analytics firm CryptoQuant, Bitcoin's price may be vulnerable to a correction due to elevated funding rates and high resistance levels. The excessive use of leverage and speculation, as indicated by high funding rates, can lead to price setbacks. Additionally, Bitcoin's price is currently facing its highest-ever resistance level, posing a significant obstacle to further gains.

根据加密货币分析公司 CryptoQuant 的研究，由于融资利率上升和阻力位较高，比特币的价格可能容易受到调整。高融资率表明，过度使用杠杆和投机可能会导致价格下跌。此外，比特币的价格目前正面临有史以来最高的阻力位，这对进一步上涨构成了重大障碍。

Market Overview

市场概况

At the time of writing, Bitcoin is trading around $63,300, after experiencing a weekend price slump. The market remains volatile, with both bulls and bears vying for control. The approval of new cryptocurrency ETFs in Hong Kong has injected a dose of optimism into the market, but investors should proceed with caution and monitor market conditions closely.

截至撰写本文时，经历周末价格暴跌后，比特币交易价格约为 63,300 美元。市场依然波动，多头和空头争夺控制权。香港新的加密货币ETF的批准为市场注入了一剂乐观情绪，但投资者应谨慎行事并密切关注市场状况。