The cryptocurrency market is experiencing renewed momentum as Bitcoin reclaims the $110,000 mark, triggering a broad rally across crypto-related financial products and equities. On June 10, 2025, Hong Kong-listed cryptocurrency exchange-traded funds (ETFs) and blockchain-linked stocks saw significant gains, reflecting growing investor confidence amid favorable macroeconomic conditions and regulatory progress.
This surge underscores the deepening integration of digital assets into traditional financial markets — a shift increasingly driven by institutional adoption, policy clarity, and evolving investor sentiment.
Crypto ETFs Rally Amid Bitcoin’s Price Breakout
Hong Kong’s spot Bitcoin and Ethereum ETFs posted strong gains on June 10, with Ethereum-based funds outperforming their Bitcoin counterparts.
- ChinaAMC Ether ETF (03046.HK) rose 7.77%
- Harvest Ether ETF (03179.HK) gained 7.60%
- Bosera Ether ETF (03009.HK) climbed 7.48%
- ChinaAMC Bitcoin ETF (03042.HK) advanced 3.59%
- Harvest Bitcoin ETF (03439.HK) increased by 3.57%
- Bosera Bitcoin ETF (03008.HK) was up 3.52%
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The stronger performance of Ether ETFs may reflect growing optimism around Ethereum’s ecosystem upgrades and its role in decentralized finance (DeFi) and tokenized assets. Meanwhile, Bitcoin ETFs continue to attract steady capital flows, signaling sustained institutional interest.
Blockchain Equities Ride the Crypto Wave
Alongside ETFs, several Hong Kong-listed companies with exposure to blockchain technology or digital asset platforms also advanced:
- Hut 8 Corp (formerly New Huo Technology Holdings, 01611.HK): +5.76%
- Boya Interactive (00434.HK): +4.86%
- Lan Gaming Interactive (08267.HK): +3.57%
- OSL Group (00863.HK): +3.47%
These moves highlight how public market investors are using equity instruments to gain indirect exposure to the crypto sector. OSL Group, one of Asia’s few licensed digital asset platforms, has particularly benefited from increased trading volumes and rising demand for institutional-grade custody solutions.
Bitcoin Reclaims $110,000: Market Dynamics at Play
At the time of writing, Bitcoin was trading at $109,570.30**, up **3.785%** over the past 24 hours, according to data from Bijie Network. The flagship cryptocurrency briefly surpassed the symbolic **$110,000 threshold earlier in the session — a psychological milestone that has historically marked periods of intense bullish momentum.
Bitcoin’s recovery began on April 8, when prices bottomed out near $76,300. Since then, BTC has climbed over 43%, driven by a confluence of macro and micro factors that have reshaped market sentiment.
Key Drivers Behind the Current Bull Run
Several interrelated forces are fueling this latest leg of the rally:
1. Easing Geopolitical Tensions
Recent diplomatic developments have reduced global trade uncertainties, improving risk appetite across financial markets. As equities and commodities stabilize, investors are reallocating capital into higher-growth assets like cryptocurrencies.
2. Pro-Crypto Regulatory Shifts
Regulatory clarity in key jurisdictions is boosting institutional participation:
- The United States has made progress on stablecoin legislation, aiming to create a federal framework for digital payment tokens.
- Hong Kong continues to position itself as a Web3 hub, advancing rules for stablecoins and licensing virtual asset service providers.
Such moves reduce compliance risks and open doors for traditional finance (TradFi) players to enter the space.
3. Institutional Capital Inflows
Spot Bitcoin ETFs in both the U.S. and Hong Kong are seeing consistent net inflows. Asset managers are increasingly incorporating BTC into diversified portfolios as a hedge against inflation and currency devaluation.
4. Macroeconomic Tailwinds
With inflation cooling and central banks signaling potential rate cuts in late 2025, liquidity conditions are becoming more favorable for risk assets. Lower interest rates reduce the opportunity cost of holding non-yielding assets like Bitcoin.
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Long-Term Outlook: Is $500,000 Possible?
Looking ahead, major financial institutions are turning increasingly bullish on Bitcoin’s long-term trajectory.
Standard Chartered recently projected that Bitcoin could reach $120,000 by the end of 2025** — a level that would represent a new all-time high. Even more strikingly, the bank suggested that BTC might climb as high as **$500,000 before Donald Trump leaves office in 2029, assuming continued regulatory support and adoption growth.
While such forecasts may seem ambitious, they reflect a broader trend: mainstream finance is no longer dismissing Bitcoin as speculative noise but is beginning to treat it as a legitimate store of value and macro hedge.
Frequently Asked Questions
Q: Why did Ethereum ETFs outperform Bitcoin ETFs in Hong Kong?
A: Ethereum’s stronger price momentum may be tied to expectations around protocol upgrades, growth in DeFi activity, and increasing use cases for smart contracts. Additionally, ETH had more room to catch up after underperforming BTC earlier in the year.
Q: What role do stablecoins play in this rally?
A: Stablecoins act as on-ramps to crypto markets. Increased issuance of USD-backed tokens indicates fresh capital entering the ecosystem. Regulatory progress in the U.S. and Hong Kong boosts confidence in these digital dollars, facilitating smoother trading and settlement.
Q: Are crypto-related stocks reliable proxies for direct crypto exposure?
A: While they offer indirect access through traditional brokerage accounts, these stocks can diverge from crypto prices due to company-specific risks. However, during broad market rallies, they often move in tandem with underlying digital assets.
Q: How does Bitcoin’s current cycle compare to past bull runs?
A: Unlike previous cycles driven largely by retail speculation, this rally features significant institutional involvement via ETFs and regulated platforms. This structural change may lead to a more sustained upward trend with reduced volatility.
Q: Could regulatory setbacks derail the rally?
A: Yes — while current policies are supportive, any reversal — such as restrictive legislation or enforcement actions — could trigger short-term sell-offs. However, the global nature of crypto markets makes them more resilient than in previous years.
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Final Thoughts
The return of Bitcoin above $110,000 is not just a price event — it’s a signal of maturation in the digital asset ecosystem. With ETFs gaining traction, regulations evolving positively, and institutions deploying capital at scale, the foundation for long-term growth appears stronger than ever.
While short-term volatility remains inevitable, the structural shifts underway suggest that cryptocurrencies are transitioning from fringe assets to core components of modern investment portfolios.
For those watching from the sidelines, now may be the time to deepen understanding — not just of price movements, but of the technological and economic forces powering this transformation.