Bitcoin rebounds after Hong Kong’s approval to Bitcoin ETFs

News Snapshot:

After falling by almost 10% over the weekend, Bitcoin rebounded Monday after Hong Kong announced approval of its first spot Bitcoin and Ether exchange-traded funds (ETFs). Is Bitcoin too speculative? CC Share Subtitles Off English view video Is Bitcoin too speculative? The weekend decline—which came amid Israel-Iran tension, market chaos, and stubborn inflation and saw Bitcoin fall below $62,000—was over on Monday morning as the cryptocurrency was up 2.5% to $66,000. Hong Kong dives into the crypto ETFs market Three offshore Chinese asset managers, including Hong Kong units of Harvest Fund Management, Bosera Asset Management, and China Asset Management (ChinaAMC),...