The Zhitong Finance App learned that virtual currency stocks fell sharply. As of press release, OSL Group (00863) fell 4.64% to HK$7.4; Oke Cloud Chain (01499) fell 2.39% to HK$0.204; and Meitu (01357) fell 1.71% to HK$3.44.
According to the news, the US SEC has delayed making a decision on the proposed Invesco Galaxy spot Ethereum ETF. The SEC has set the next deadline for approving or rejecting the proposed spot Ethereum ETF as July 5, 2024. The SEC's optimism about approving such products has waned over the past few months. Recently, it was reported in the media that the SEC will designate Ethereum as a security in the summer and reject spot ETF applications.
Furthermore, the Bitcoin price has fluctuated widely recently. After hitting a low of around 56,800 US dollars last Wednesday, Bitcoin has risen strongly by nearly 10% over the weekend. As of press time, it reached the 64,000 US dollars/coin integer mark, recovering from the previous week's decline. It is worth mentioning that Hong Kong recently launched its first commodity cryptocurrency ETF and was officially listed on the Hong Kong Stock Exchange.