Asian markets faced a downturn as China's recent stimulus measures failed to meet investor expectations, leading to declines across major indices. While the Chinese government introduced measures to support the economy, they were deemed insufficient, resulting in market disappointment. Meanwhile, Bitcoin continues its strong performance, fueled by institutional interest and potential monetary easing by central banks, amidst ongoing inflation concerns.
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Hong Kong asset managers are preparing to incorporate staking in their spot ether ETFs, aiming for approval this year. This feature could give Hong Kong ETFs a competitive edge and attract more investors. Key industry players like HashKey, Blockdaemon, and Animoca Brands are optimistic about the potential approval and related benefits.
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