Hong Kong Stock Market News | BC Technology Group Surges Over 9%, Hong Kong's First Bitcoin Spot ETF May Be Listed After Chinese New Year at the Earliest.

BC Technology Group surged more than 9%, reaching a 9.11% increase at the time of writing, with a price of HKD 6.71 and a trading volume of HKD 6.9292 million. In terms of news, according to Tencent News' "First Line" report, CSOP Asset Management has submitted an application for a Bitcoin spot ETF to the Hong Kong Securities and Futures Commission. This is the first institution in Hong Kong to submit an application for a Bitcoin spot ETF. The Hong Kong Securities and Futures Commission hopes to expedite the approval of the first Hong Kong Bitcoin spot ETF, and plans to list the first Hong Kong spot Bitcoin ETF on the Hong Kong Stock Exchange after the Spring Festival. It is reported that prior to this, the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority issued a circular in December 2023, stating that they are ready to accept applications for the approval of virtual asset spot ETFs. In addition, on Monday, the price of Bitcoin returned above $43,000, recovering its recent upward trend. After a long-awaited approval of the Bitcoin spot ETF, Bitcoin experienced a significant decline this year, but has recently regained its upward momentum. Bitcoin closed at around $42,000 in 2023. Since the beginning of 2024, the cryptocurrency has accumulated a rise of approximately 1.25%.