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Hong Kong ETFs Fail to Meet Expectations 🤥
Expectations that Hong Kong ETFs would outperform American ones on their first day did not materialize.
At the end of the first day, the total volume of six spot ETFs on BTC and ETH amounted to only $12 million. This is 383 times less than in the USA, where the volume reached $4.6 billion on the first day.
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❗️ Hong Kong has started trading spot Bitcoin and Ethereum ETFs
🇭🇰 Today, Hong Kong launched trading of six spot Bitcoin and Ethereum ETFs managed by China Asset Management, Harvest Global, Bosera, and HashKey.
🔍 According to data from the Hong Kong Stock Exchange (HKEX), the total volume exceeded $6.3 million, with the spot Bitcoin ETF by China Asset Management leading the pack.
⚖️ It is noted that this initial volume is significantly smaller compared to the launch of a similar ETF in the USA in January, which had $4.6 billion.
#HongKong #BitcoinETF #EthereumETF #BTC #ETH
🇭🇰 Today, Hong Kong launched trading of six spot Bitcoin and Ethereum ETFs managed by China Asset Management, Harvest Global, Bosera, and HashKey.
🔍 According to data from the Hong Kong Stock Exchange (HKEX), the total volume exceeded $6.3 million, with the spot Bitcoin ETF by China Asset Management leading the pack.
⚖️ It is noted that this initial volume is significantly smaller compared to the launch of a similar ETF in the USA in January, which had $4.6 billion.
#HongKong #BitcoinETF #EthereumETF #BTC #ETH
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