Bitcoin ETF

Bitcoin

Shiba Inu

<ul> 
 <li>ETFs in Hong Kong recorded a trading volume of over HK$87.5 million ($11.2 million).&nbsp;</li> 
 <li>On the first day, the eleven U.S.-based spot bitcoin ETFs had a volume of around $4.6 billion.</li> 
</ul> 
On Tuesday, the six new spot bitcoin and ether exchange-traded funds (ETFs) in <a href="https://thenewscrypto.com/hong-kongs-bitcoin-etf-to-debut-tomorrow-despite-regulatory-hurdles/" target="_blank" rel="noreferrer noopener">Hong Kong</a> recorded a trading volume of over HK$87.5 million ($11.2 million). This is in stark contrast to the $4.6 billion first-day volume recorded in January by the eleven spot bitcoin ETFs in the US. 
According to China Asset Management (<a href="https://www.chinaamc.com.hk/" target="_blank" rel="noreferrer noopener nofollow">ChinaAMC</a>), their spot bitcoin ETF had $121.7 million in AUM at the conclusion of the first trading day, while their spot ether ETF had $20.4 million in AUM. Today marked the formal launch in Hong Kong of six spot bitcoin and ether ETFs, managed by China Asset Management, Harvest Global, Bosera, and HashKey. 
Trading volume for the day was HK$37.16 million, with the ChinaAMC Bitcoin ETF leading the pack, as reported by the Hong Kong Stock Exchange. At the close, the ETF had gained 1.53%. Volume for its spot ether ETF was HK$12.66 million. 
<h3 class="wp-block-heading" id="h-no-staking-incentives">No Staking Incentives</h3> 
According to <a href="https://www.hkex.com.hk/?sc_lang=en" target="_blank" rel="noreferrer noopener nofollow">HKEX</a> statistics, Harvest’s spot bitcoin ETF had a volume of $17.89 million and its ether ETF $4.95 million on the first day of trading, while Bosera HashKey’s Bitcoin ETF had a volume of $12.44 million and its ether ETF $2.48 million. 
On the first day of trading, the eleven U.S.-based spot <a href="https://thenewscrypto.com/animoca-brands-advances-with-bitcoin-open-metaverse-plan/" target="_blank" rel="noreferrer noopener">bitcoin</a> ETFs had a volume of around $4.6 billion. In addition, spot ether ETFs in Hong Kong do not yet provide staking incentives. The loss of almost 4% APR is substantial. 
Because of the potential dangers involved, fund issuers will have to have further conversations with regulators before they can develop and implement the staking rewards scheme. 
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<a href="https://thenewscrypto.com/shiba-inu-ecosystem-tokens-set-to-work-together-as-new-privacy-layer-3-blockchain-looms/" target="_blank" rel="noreferrer noopener">Shiba Inu Ecosystem Tokens Set to Work Together as New Privacy Layer-3 Blockchain Looms</a>

Hong Kong’s New Bitcoin and Ether ETFs Hit $11.2M Volume on First Day

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