Hong Kong BTC and ETH ETFs Soft Debut; What Indonesia’s Election Means for Crypto | CoinDesk Daily
Hong Kong etfc a lackluster launch and
micro strategies Bitcoin bags get bigger
you’re watching coindesk daily I’m your
host Jen
[Music]
sassie Hong Kong’s crypto ETFs had a
soft debut with trading volume coming in
much lower than expected the total
trading volume for Bitcoin came in at
around $8.5 million while ether ETFs
only saw around 2. 5 million issuers
expected the initial volume to be over a
100 million according to local media
reports Bitcoin slipped on the news and
was at around
$61,800 as of 9:00 a.m. eastern time
micro strategy now holds 136 billion
worth of bitcoin totaling 1% of total
Supply that’s according to can Accord
the broker cut its price Target on the
firm to
$1,590 from 1810 while maintaining its
rating the company raised over $1.5
billion dollar in the first quarter and
used the proceeds to acquire an
additional
2,250 Bitcoin now owning more than
200,000 units of the cryptocurrency
micro strategy’s corporate strategy is
partly based on the acquisition and
holding of Bitcoin and according to
Industry Watchers the Indonesian
election results might be good for
crypto the winners of Indonesia’s recent
presidential election May ensure
consistency for crypto policy policy in
the country with winning vice
presidential candidate of the current
ruling party promising to create
blockchain experts during his campaign
Indonesia leads southeast Asia in terms
of the number of registered crypto users
but Trails behind Thailand and Vietnam
in terms of trading volume that’s our
app for coindesk daily today get more
updates on coindesk.com and we’ll see
you next time
“CoinDesk Daily” host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Hong Kong’s bitcoin and ether ETFs failed to lift off on their trading debut, coming dramatically under initial expectations. Plus, MicroStrategy (MSTR) doubles down on their bitcoin bag, and what Indonesia’s presidential election could mean for crypto.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto #headlines
Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1
Site: https://www.coindesk.com
Twitter: https://www.twitter.com/coindesk
LinkedIn: https://www.linkedin.com/company/coindesk/
Instagram: https://www.instagram.com/coindesk
Facebook: https://www.facebook.com/CoinDesk
Newsletters: https://www.coindesk.com/newsletters
CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP
Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE
CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.