Six cryptocurrency ETFs in Hong Kong were listed today, with a trading volume exceeding HK$80 million on the first day of trading.

Six cryptocurrency spot ETFs were officially listed for trading in Hong Kong today (30th), with a trading volume of HK$87.6149 million (approximately $11 million USD) on the first day. Among them, the Bitcoin spot ETF had a trading volume exceeding HK$67.5 million (approximately $8.6 million USD), while the Ethereum spot ETF reached HK$20.1 million (approximately $2.57 million USD).

In comparison, when the first ten US Bitcoin spot ETFs debuted in early January, the trading volume on the first day reached as high as $4.6 billion USD.

While the disparity between the US and Hong Kong markets is considerable, Zhu Haokang, Managing Director of Digital Asset Management at Huaxia Fund (Hong Kong) and Family Wealth Management, expressed confidence yesterday (29th) that the initial issuance scale of Hong Kong's cryptocurrency spot ETFs on the first day of listing could surpass that of the United States ($125 million USD, excluding GBTC and DEFI). Data shows that the initial issuance scale of just the Huaxia Bitcoin and Ethereum spot ETFs in Hong Kong reached HK$1.1 billion (approximately $140 million USD), indeed slightly surpassing the United States.

This article ia from blockcast：https://blockcast.it/2024/04/30/hong-kong-first-spot-btc-eth-etfs-debuted-with-11-million-in-trading-volume/

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AIC Team

2024/5/6