Hong Kong’s New Bitcoin and Ether ETFs See Strong Trading Volume on First Day
Hong Kong’s six new bitcoin and ether exchange-traded funds made a splash on their first trading day, with a total trading volume of HK$49.4 million ($6.3 million) during the morning session. The China Asset Management’s “ChinaAMC Bitcoin ETF” led the pack with a turnover of HK$22.97 million, followed by the ChinaAMC Ether ETF with HK$10.47 million.
Managed by China Asset Management, Harvest Global, Bosera, and HashKey, these new spot bitcoin and ether ETFs officially debuted in Hong Kong today. Harvest saw HK$8.11 million in its spot bitcoin ETF’s volume and HK$2.18 million in ether’s, while Bosera HashKey Bitcoin ETF recorded HK$3.59 million and its ether ETF’s volume was HK$1.53 million during the morning session.
Comparatively, when the U.S. had 11 spot bitcoin ETFs begin trading in January, their first-day volume reached about $4.6 billion. China Asset Management reported a subscription size of about HK$1.1 billion ($140.5 million) during the initial offering period, with its bitcoin product attracting HK$950 million and the ether ETF bringing in HK$160 million.
It’s clear that the demand for cryptocurrency ETFs is strong, and investors are eager to get in on the action. Stay tuned for more updates on this developing story.
