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Hong Kong spot Ethereum and Bitcoin ETFs have accumulated US$300 million! Transactions differ 268 times from the U.S.
Hong Kong spot Ethereum and Bitcoin ETFs have accumulated US$300 million! Transactions differ 268 times from the U.S.
Hong Kong’s newly launched spot Ethereum and Bitcoin ETFs have accumulated $300 million in assets under management in just one week, outperforming futures ETFs by 80%.
The trading volume on May 6 was HK$60.41 million (US$7.72 million), significantly lower than the US$1.88 billion Bitcoin spot ETF trading volume in the United States; Hong Kong had a net outflow of US$4.9 million. There are rumors that these ETFs may soon be open to mainland Chinese investors, sparking discussions about financial integration between the region. Despite this, Hong Kong’s transaction volume still pales in comparison to that of the United States, with a gap of 268 times.
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