Hong Kong’s spot bitcoin, ether ETFs see over $6.3 million in half-day volume upon debut
The trading volume of the newly listed spot bitcoin and ether ETFs in Hong Kong amounted to over $6.3 million during the morning session today, according to HKEX data. In comparison, when the 11 spot bitcoin ETFs began trading in the U.S. in January, their daily turnover reached about $4.6 billion on the first trading day.
Data from the HKEX showed that China Asset Management’s “ChinaAMC Bitcoin ETF” led in trading volume, logging HK$22.97 million in turnover during the first half of the trading day. The ChinaAMC Ether ETF recorded the second-largest turnover among the six ETFs, with a volume of HK$10.47 million.
Six spot bitcoin and ether ETFs — managed by China Asset Management, Harvest Global, Bosera, and HashKey — 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.
When the U.S.’ 11 spot bitcoin ETFs began trading in January, their first-day volume reached about $4.6 billion .
Meanwhile, China Asset Management said its subscription size during the initial offering period before trading amounted to about HK$1.1 billion ($140.5 million), with its bitcoin product raking in HK$950 million and the ether ETF bringing in HK$160 million, as first noted by Wu Blockchain. China Asset Management has confirmed the amount with The Block.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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