The Australian government's decision to approve the first bitcoin spot fund by the end of this year is a positive development for the market! Additionally, Hong Kong will activate bitcoin spot ETF transactions starting tomorrow, marking another significant milestone.
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The cryptocurrency market is weighing stagflation risk against the potential liquidity boost from the Treasury General Account (TGA) and the introduction of bitcoin ETFs in Hong Kong Bitcoin and ether are trading lower as Asia begins its workweek The start of the week sees a mix of bullish and bearish market indicators
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