Spot ETH ETFs to Launch in Hong Kong, EigenLayer Launches Actively Validated Services

Market Update The subpar consumer sentiment numbers released today likely did not help asset prices, but geopolitics seems to be in the driver's seat today, with rumors of escalation in the Middle East pushing rates lower while driving the DXY and gold higher. Most risk assets, including crypto, have sold off based on these reports. $BTC has retreated from nearly $72k in the overnight hours to $69.5k, while $ETH has dipped below $3500, and $SOL is trading around $167. Altcoins have pulled back more significantly, with very few in the top 100 showing gains today. Despite this, flows into ETFs turned positive over the past two days, a positive sign following a hot CPI print, but there likely were some panic outflows in the morning hours, indicated by the pronounced discount on Coinbase following the US market open. This discount is recovering, and prices seem to be stabilizing.Source: Farside Investors, FundstratOn Wednesday we discussed rumors about imminent spot BTC ETF approvals in Hong Kong. It appears that, based on today's report from Bloomberg, there is rising confidence that we see both BTC and ETH spot ETFs approved as soon as next week. This approval will allow the Hong Kong subsidiaries of prominent mainland Chinese asset managers, Harvest Fund Management and Bosera Ass