Bitcoin ETF

Bitcoin

April

Spot

<ul> 
 <li>The Bitcoin (BTC) exchange-traded funds in Hong Kong have gotten off to a slower start.</li> 
 <li>Presently, the ETFs’ aggregate AUM is close to HK$2.1 billion, or $269 million.</li> 
</ul> 
The assets under management (AUM) of spot Bitcoin ETFs in <a href="https://thenewscrypto.com/hong-kong-lawmaker-pushes-dao-rules-amid-mantra-case/" target="_blank" rel="noreferrer noopener">Hong Kong</a> have topped 2 billion Hong Kong dollars, or around $256 million. When compared to their American equivalents, the Bitcoin (BTC) exchange-traded funds in Hong Kong have gotten off to a slower start. 
Data from SoSo Value shows that three Hong Kong spot Bitcoin ETFs received around 247 BTC last week. Increasing their total holdings to about 4,450 <a href="http://bitcoin.org" target="_blank" rel="noreferrer noopener nofollow">BTC</a>. Presently, the ETFs’ aggregate AUM is close to HK$2.1 billion, or $269 million. 
The combined assets under management (AUM) of the China Asset Management and Harvest Asset Management exchange-traded funds (ETFs) running in collaboration with the digital asset trading platform OSL exceed HK$1.3 billion ($167 million). Unaffiliated from OSL, the third-place Bitcoin ETF has HK$776 million ($99.5 million), or over 42% of the market. 
<h3 class="wp-block-heading" id="h-lagging-far-behind-u-s-counterpart">Lagging Far Behind U.S Counterpart</h3> 
Compared to the eleven products in the US market, the selection of alternatives available to investors in Hong Kong to obtain exposure to BTC is rather limited. 
Spot Bitcoin ETFs in Hong Kong have lagged behind their US-based rivals, notwithstanding the recent inflows. The majority of the $262 million inflows occurred before the listings were live. The ETFs received the bulk of this amount in the first week after their introduction on April 30. 
In sharp contrast to the billions that poured into US spot Bitcoin ETFs upon their inception in January. Actual asset inflows during the first week were a meager $14 million. This discrepancy illustrates the difficulties Hong Kong has in establishing itself as a center for crypto investments on a global scale. 
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Hong Kong Spot Bitcoin ETFs Reach $269M AUM Amid Slow Inflows

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