Bitcoin Spot ETFs in Hong Kong
Hong Kong recently launched three Bitcoin spot ETFs: the ChinaAMC Bitcoin ETF, Harvest Bitcoin ETF and Bosera HashKey Bitcoin ETF. On their first day of trading, these ETFs reached a combined volume of $8.5 million, despite the excitement that accompanied their launch. This figure is far below the $4.6 billion first-day volume of the US spot Bitcoin ETFs, but industry experts like Samson Mow believe these ETFs have great growth potential for the future, especially as an investment opportunity for Chinese investors.
Trading volume for Bitcoin and Ethereum ETFs
Overall, trading volume for Bitcoin and Ethereum ETFs reached $12 million on the first day on the Hong Kong Stock Exchange. The lower trading volumes compared to the US market have not dampened optimism about the positive impact these ETFs could have in attracting more institutional investors and promoting mainstream adoption of Bitcoin in Hong Kong and potentially the broader Asian market.
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