Bitcoin ETF

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<ul class="news-points">
 <li><strong>Hong Kong ETFs face challenges in matching the scale and dominance of US counterparts.</strong></li>
 <li><strong>Analysts project moderate inflows for Hong Kong’s ETFs, cautioning against unrealistic expectations.</strong></li>
 <li><strong>Hong Kong’s spot ETFs for virtual assets surged on May 3, led by Bitcoin ETFs with HK$43.41 million in trading volume.</strong></li>
</ul>
<p>The Hong Kong market reported an increase in trading volumes for spot <a href="https://coinedition.com/u-s-bitcoin-etfs-see-record-563m-outflow-despite-feds-no-rate-hike/" rel="noopener noreferrer nofollow">ETFs</a> associated with virtual assets on May 3. The overall trading volume came to HK$48.91 million, with Ethereum ETFs coming in second at HK$5.5 million and Bitcoin ETFs dominating at HK$43.41 million. On May 2, for instance, trading volume for US Bitcoin spot ETFs reached an astounding $1.72 billion, indicating a notable divergence in market activity.</p>
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   <p lang="en" dir="ltr">As of the close on May 3, the total trading volume of six Hong Kong spot ETFs for virtual assets was HK$48.91 million, approximately US$6.26 million. Among them, the trading volume of the Bitcoin ETF was HK$43.41 million, and that of the Ethereum ETF was HK$5.5 million. In…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1786319711866912794?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 3, 2024</a>
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<p>The approval of spot Ethereum and Bitcoin ETFs by the Hong Kong Securities and Futures Commission (SFC) has generated e…</p>
<p>The post <a href="https://coinedition.com/hong-kongs-surging-virtual-asset-etf-trading-faces-challenges-despite-approval/" rel="noopener noreferrer nofollow">Hong Kong’s Surging Virtual Asset ETF Trading Faces Challenges Despite Approval</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Hong Kong’s Surging Virtual Asset ETF Trading Faces Challenges Despite Approval

Coin Edition

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