According to PANews on October 14, Hong Kong stock market data showed that as of the close of trading, the total trading volume of all Hong Kong virtual asset ETFs today was approximately HK$68.1766 million. The trading volume of China Asset Management Bitcoin ETF (3042.HK/9042.HK/83042.HK) was HK$38.5094 million, and the trading volume of China Asset Management Ethereum ETF (03046.HK/09046.HK/83046.HK) was HK$18.6803 million. The trading volume of Harvest Bitcoin ETF (03439.HK/09439.HK) was HK$1.5037 million, and the trading volume of Harvest Ethereum ETF (03179.HK/09179.HK) was HK$2.391 million; The trading volume of Bosera Bitcoin ETF (03008.HK/09008.HK) was HK$7.2441 million, and the trading volume of Bosera Ethereum ETF (03009.HK/09009.HK) was HK$4.8534 million. Note: All of the above virtual asset ETFs have Hong Kong dollar counters and US dollar counters, and only two ETFs of China Asset Management also have RMB counters.According to PANews on October 14, Hong Kong stock market data showed that as of the close of trading, the total trading volume of all Hong Kong virtual asset ETFs today was approximately HK$68.1766 million. The trading volume of China Asset Management Bitcoin ETF (3042.HK/9042.HK/83042.HK) was HK$38.5094 million, and the trading volume of China Asset Management Ethereum ETF (03046.HK/09046.HK/83046.HK) was HK$18.6803 million. The trading volume of Harvest Bitcoin ETF (03439.HK/09439.HK) was HK$1.5037 million, and the trading volume of Harvest Ethereum ETF (03179.HK/09179.HK) was HK$2.391 million; The trading volume of Bosera Bitcoin ETF (03008.HK/09008.HK) was HK$7.2441 million, and the trading volume of Bosera Ethereum ETF (03009.HK/09009.HK) was HK$4.8534 million. Note: All of the above virtual asset ETFs have Hong Kong dollar counters and US dollar counters, and only two ETFs of China Asset Management also have RMB counters.

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more