Hong Kong’s Bitcoin (BTC) and Ether (ETH) ETFs Fail to Meet Expectations: A Comprehensive Analysis

• Bitcoin and Ethereum spot ETFs have begun trading in Hong Kong, but their first-day trading volumes were significantly lower than those in the United States.
• The six new crypto ETFs in Hong Kong recorded a closing trading volume of 87.58 million Hong Kong dollars ($12 million) on their first day, a figure far below the $4.6 billion first-day trading volume of US Bitcoin ETFs.
• Statistics shared by the Hong Kong Stock Exchange (HKEX) showed a relatively steady performance for the six spot Bitcoin and Ether ETFs managed by China Asset Management, Harvest Global, Bosera, and HashKey.

Bitcoin and Ethereum spot ETFs have made their debut in Hong Kong, but their first-day trading volumes have fallen short compared to their US counterparts.

First Day Trading Volumes of Bitcoin and Ethereum ETFs in Hong Kong

Bitcoin and Ethereum exchange-traded funds (ETFs) have finally started trading on the Hong Kong markets. Howe... Read the full article for FREE at COINOTAG!