Bitcoin ETF

Bitcoin

Million

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Hong Kong’s six new Bitcoin and Ether ETFs recorded a trading volume of around $6.3 million on their debut day.</li>
 <li>China Asset Management’s Bitcoin and Ether ETFs led in trading volume, with respective turnovers of approximately $2.94 million and $1.34 million.</li>
</ul>
<p>Hong Kong’s market has seen the debut of six new exchange-traded funds (ETFs) focused on Bitcoin and Ether. On their first trading day, these ETFs recorded a trading volume of approximately $6.3 million during the morning session. This data was provided by the Hong Kong Stock Exchange.</p>
<h2 id="leading-etfs">Leading ETFs</h2>
<p>The ETFs managed by China Asset Management, namely the “ChinaAMC Bitcoin ETF” and the “ChinaAMC Ether ETF”, led the pack in trading volume. The Bitcoin ETF logged a turnover of around $2.94 million during the first half of the trading day, while the Ether ETF recorded a turnover of approximately $1.34 million.</p>
<p>These six ETFs, managed by China Asset Management, Harvest Global, Bosera, and HashKey, officially launched in Hong Kong. Harvest reported a volume of about $1.04 million and $279,000 for its Bitcoin and Ether ETFs respectively. Meanwhile, the Bosera HashKey Bitcoin ETF recorded a volume of around $460,000 and its Ether ETF logged a volume of about $196,000 during the morning session.</p>
<h2 id="comparison-with-us-etfs">Comparison with US ETFs</h2>
<p>When compared to the U.S., where 11 Bitcoin ETFs started trading in January, their first-day volume reached about $4.6 billion. China Asset Management also revealed that its subscription size during the initial offering period before trading was approximately $140.5 million. This included about $121.5 million for its Bitcoin product and $20.5 million for its Ether ETF.</p>
<p>The subscription size was initially reported by Wu Blockchain, and later confirmed by China Asset Management.</p>

Bitcoin and Ether ETFs in Hong Kong Score $6.3 Million Half-Day Debut Volume

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