Bloomberg Analyst: Considering the scale of Hong Kong's cryptocurrency market compared to the United States, this trading volume does not signify a failure for Hong Kong
Media reports that Zhu Haokang, a senior executive at Huaxia Fund, stated in a previous interview that the scale of Hong Kong's ETF listing on the first day will exceed that of U.S. ETFs. He remains confident in ETFs and details will be announced to everyone at 9:30 tomorrow morning. Contrary to Zhu Haokang's statement, on the first day of listing, the total trading volume of ETF was 87.58 million Hong Kong dollars, equivalent to 12 million US dollars. This figure is significantly lower than the trading volume (worth $4.6 billion) of U.S spot Bitcoin ETF on its first day of trading. However, Bloomberg's ETF analyst Eric Balchunas asserts that considering the size of Hong Kong's cryptocurrency market compared with America’s, this trading volume does not signify failure for Hong Kong.
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