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More Hong Kong Institutions Abandoning Crypto ? ethereum today news bitcoin and crypto altcoins blockchain

News Snapshot:

According to a report published by the South China Morning Post, Hong Kong's institutions have soured on cryptocurrencies following a recent sell-off. The report, which cites a survey conducted by cryptocurrency exchange Bitstamp, said that nearly every tenth of institutional investors had plans to either trim their cryptocurrency exposure or completely ditch crypto. This represents a substantial increase compared to the previous quarter. Less than a third of the surveyed institutional investors said that they would invest more funds into crypto. Q9 Capital's James Quinn told the outlet that institutional investors are now visibly less active in the sector since…

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