Spot ETFs allow investors to take exposure to cryptocurrency without having to own it. They are considered a better option than futures-based ETFs, which are subject to rollover costs.

Thanks for sharing this data with us, the reasons of the lesser volume in compared to USA ETFs are a lot, first the market of the US is bigger, they are the first who approve the ETF, so all eyes were on them. More eyes means more trading volume. Plus the hype was so much and I don't think people even knew about HK ETFs until they see the news that they have been approved.

If you were in the market from the start of this ETF drama, then you must have known the emotions of people and what they were thinking, assuming from BTC ETFs. I don't disappoint from this event, as I was not linked any hopes with them. I knew the hype is over, and market of HK has no match with the US one, that's why I did not hoped.

People say Bitcoin is too volatile but see the chart, and discover that Gold gets a correction about 40% and it needs about 10 years to have another bull run.

I did not know before that a bull run takes 10 years to come for Gold, that's a lot of time, but still, people prefer it. I can't agree more with you on the fact that there is less luck and more knowledge, but OP I was once a newbie, everybody was, and I have read many confessions from newbies that, they said, they get lucky with their BTC investments. Some say, their relatives or friends near them ask them to buy BTC, and at the time they bought they did not have any knowledge but were still able to make a profit.

Just because those who invested in the bear market, are in profit right now, and those who bought near $73k are in loss right now. The time of buying the assets is the most important thing, and that knowledge comes with proper time spent in the market.

1. Do you think that eventually approval for Ethereum ETF will happen in either in 2024 the earliest and 2025 the most?

2. Do you think there will almost be the same story here...just like what happened with the Bitcoin ETF...where a court case was necessary to compel SEC for the eventual approval?

Following are the dates for ETH's last approval,

Ethereum ETF final deadlines.

🟠VanEck: May 23
🟠Ark Invest/21Shares: May 24
🟠Hashdex: May 30
🟠Franklin Templeton: June 11
🟠Grayscale: June 18
🟠Invesco/Galaxy Digital: July 7
🟠BlackRock: August 7
🟠Fidelity: August 3
🟠Bitwise: December (Date Unspecified)

So if we observe these dates, I think you are right, SEC might reject the approval in this month (May) too. But they will not reject it every time, they will definitely follow the same pattern they did with BTC. I don't know why they are holding things that long, they just don't want crypto to be legalized, so they will delay things as much as they can. I think the first ETH ETF they will accept will be of Grayscale or of fidelity.

I am 100% sure that they will accept ETH ETFs before 2025, I mean why would they delay it, considering the current price of ETH its so under-value right now, what you think? Course case are necessary, as these authorities don't let anything goes live that easy, they will even try to make it not happen. They not only do it with crypto they do it with every technological approval.

Do you think that we should now accept the occurrence of these scams and hacks as very normal in the cryptocurrency industry...and what are the things we can do to protect ourselves from them?

OMG that's a big number, I mean how a person can lose it all in one trade, was he making the tx in one go, if yes then he should have made more then one tx, and maybe after 1 or 2 he would notice the ignorance he is doing. Address poisoning is a very common scam, and most of people become a target of it when their clipboard gets hacked, or when the victims copy addresses from the last tx they received (using explorer maybe).

This really gives me goosebumps to imagine what would be the situation of that person who lost that much money, $68 million is not a joke, and an overall lose of $502 million is also insane. We should really not accept the occurrences of these scams, although they are common, and many newbies become a prey to it, but seeing experts people losing it all idk why hurts the most. We should raise more awareness, and help people to realize that there is no place for ignorance in this market, they should suspect things even if the things looks idiotic to ask about.

I do not read the bill itself, but overall it seems to be good news for Bitcoiner who live on Oklahoma. The news doesn't state about privacy though. Your opinion is greatly appreciated.

No need to read the whole bill as the news and the tweets give us almost all the information. I think this is the best move to safe the funds (in BTC) of people living in Oklahoma, I think they will not accept any more tax (additional word used there) they have the write to mine BTC in their homes, with no or usual taxes. I mean no tax is not an option, so it definitely means, no more additional tax then the ones already been imposed.

But the thing is, this bill is going to be applicable after November, what if till then huge amount of taxes imposed on the people of Oklahoma, although tax is not the main problem, this bill also saved there privacy as well. Because this bill have gave them the full right to control, and own there BTC in any way they want under the legal ways (means for not bad things). USA is already trying hard to seize (obfuscating) the BTC of people with any way possible, recently they arrested a person who did not paid tax and I wonder they might even seize there BTC as well or will deduct some amount from it.

That's what a market does, it's full of surprises, we face selling pressure, then buying pressure as well, people do the perception some do in a bearish manner but some do it in a bullish manner as well. Overall, Halving has been proven as a big factor for the growth of BTC. I never compared the inflation rate with halvings before, thanks for sharing such data, but I wonder what use it could be of. As you did not mention.

The market will face a lot of pressure and will change its behavior with time too, and it will become highly volatile, considering the time of your post, I can say the market was not so good at that time, but as of writing this reply market already exceeded $65k. Which is a good thing because many traders predicted that if it will cross the $65k then it will move toward $73k target again. I think market was just taking a correction what you think?

I think he believed in practical things, the ones which are being used for what they were made, and BTC is not being used for what it was made, and as time passes people are also losing their anonymity as well, they have to use multiple tools to keep there anonymity. I think AI is the new future of our world, and we should definitely not unseen it over crypto. People are in crypto to make money, some are to enjoy the wonders of technology. But AI is going to be here when we might not be.

There are many AI-based crypto projects, if he (the businessman) is not so interested in BTC or overall crypot then he will be when he will see Crypto based AI projects and then he might become a believer, actually at the current time, a person with some "X" skill will only talk about it or relevant, but won't accept "Y" thing. Here X is AI and Y is crypto. He can make money from X so he will praise it and speculate it, but for a businessman, I don't think its easy to leave Y option as its money making option.

BUT IT WILL BE MASSIVE BECAUSE ALL OTHER BULL RUN HAPPENED WITHOUT THE ETF PRESENCE. HOWEVER, THIS IS THE FIRST BULL RUN THAT WILL BE HAPPENING WITH THE PRESENCE OF THE ETF.

EXPECT THE BEST

No doubt this time, history is not repeating, as all three times bull run started after halving, but only this time BTC made a new ATH before the Halving, and people are so bullish that they also think BTC will outperform all of our predictions in this bull season. Although things are not exactly the way they are supposed to be, many say the market is testing us.

Those who remain patience and control here emotions, overcome the urge to book the profit, and exit the market at the current market price, will be the ones who make the most of the profit. Although booking some of the profit (seed) is a good thing and we should definitely adopt this strategy where we book a little and then little by little we cover our capital and now we are only playing or trading with the money we have made a profit with. It's a stress-free trading.

PS: Next time you make post, turn off the Cap lock please. Not helping.