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<p>The post <a href="https://coinpedia.org/news/hong-kong-officially-debuts-asias-first-spot-bitcoin-and-ethereum-etfs/">Hong Kong Makes History: Asia’s First Spot Bitcoin &amp; Ethereum ETFs Now Live!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Earlier this month, Hong Kong made a significant move by approving a range of <a href="https://coinpedia.org/news/bitcoins-turbulent-april-insights-into-its-worst-month-since-2022/">spot Bitcoin (BTC)</a> and <a href="https://coinpedia.org/news/franklin-templetons-ethereum-etf-listed-on-dtcc-despite-expected-sec-rejection/">Ethereum (ETH) exchange-traded funds (ETFs)</a>. Today marks the official debut of six such ETFs on the Hong Kong Stock Exchange.</p> 
<p>The Hong Kong Exchanges and Clearing Ltd. (HKEX) has listed six spot BTC and ETH ETFs, marking a notable step forward in the financial arena. Among these are the Harvest Bitcoin Spot ETF (3439: HK) and Harvest Ether Spot ETF (3179: HK), Bosera HashKey Bitcoin ETF (3008: HK), Bosera HashKey Ether ETF (3009: HK), ChinaAMC Bitcoin ETF (3042: HK), and ChinaAMC Ether ETF (3046: HK).</p> 
<p>Here’s all about this move and its implications. </p> 
<h2 class="wp-block-heading" id="h-market-activity-in-focus">Market Activity in Focus </h2> 
<p>Market data from HKEX reveals that the morning session saw brisk trading activity, with the six spot BTC and ETH ETFs in Hong Kong totaling a trading volume of around HK$49.4 million, equivalent to approximately $6.3 million.</p> 
<p>The China Asset Management’s ChinaAMC Bitcoin ETF took the lead with a trading volume of about HK$22.97M. Following closely, the ChinaAMC Ether ETF recorded a significant volume of approximately HK$10.47 million.</p> 
<p><strong>Let’s break it down further…</strong></p> 
<p>The Harvest Bitcoin Spot ETF saw a trading volume of around HK$8.11 million, with its spot ether ETF not far behind at about HK$2.18 million. Similarly, the Bosera HashKey Bitcoin ETF recorded a volume of about HK$3.59 million, while its spot ether ETF saw a volume of HK$1.53 million during Tuesday’s morning session.</p> 
<h2 class="wp-block-heading" id="h-global-demand-sees-a-surge">Global Demand Sees a Surge </h2> 
<p>The introduction of spot Bitcoin and Ethereum ETFs in Hong Kong reflects a growing demand for digital assets worldwide.</p> 
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   <p lang="en" dir="ltr">Note also that this is the first time we will get clean look at how popular Eth is relative to btc in ETF format. What % of the net flows do you think they will grab? I think 10% or less, James more optimistic. <a href="https://t.co/ZKggtAGQIH">https://t.co/ZKggtAGQIH</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1785085007398080989?ref_src=twsrc%5Etfw">April 29, 2024</a>
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<p>These Hong Kong-based products are poised to become significant benchmarks for the industry as the crypto market eagerly anticipates the US SEC’s decision on spot Ether ETFs.</p> 
<p>Amidst these developments, Bitcoin and Ether prices have experienced fluctuations but have shown resilience by establishing strong support levels.</p> 
<p>Also Read <a href="https://coinpedia.org/news/hong-kong-rocks-with-6-3-million-volume-in-spot-bitcoin-ether-etf-debuts-heres-the-scoop/">Hong Kong Rocks with $6.3 Million Volume in Spot Bitcoin, Ether ETF Debuts: Here’s the Scoop!</a></p> 
<p><strong>What do you think? Are spot Bitcoin and Ethereum ETFs the future of crypto investing?</strong></p>

Hong Kong Makes History: Asia’s First Spot Bitcoin & Ethereum ETFs Now Live!

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