The U.S. spot BTC ETFs now hold more than 500k BTC.

A week ago, spot BTC(Bitcoin)&ETH(Ethereum) ETF(Exchange-Traded Fund)s were approved by the SFC(Securities&Futures Commission of Hong Kong). These products are not traded yet. Many media said that trading will start 30th this month.

After commencing of trading, I expect that these products will absorb tons of BTC&ETH on exchanges like the 🇺🇸 spot BTC ETFs. That's the reason why I'm positive of the BTC price in the mid-term(less 1 year).