Ether has been making big moves in recent moves, and that's as all eyes are on the US Securities and Exchange Commission and whether they will approve an exchange-traded fund for the cryptocurrency. But some issuers are not confident the SEC will give the greenlight to the ether applications. Meanwhile, Hong Kong, earlier this week, has given initial approval to its first spot bitcoin and ether exchange traded funds. So why is there a divergence between these regulatory approaches, and what implications could this hold for the cryptocurrency space moving forward? On Money in the Market, Hongbin Jeong speaks to Carney Mak, Partner at FXHB Asset Management, to find out more.