Hong Kong Bitcoin and Ether ETFs Raised $200 Million on Launch Day

According to Cointelegraph: Hong Kong Launches Bitcoin and Ether ETFs, Raising Over $200 Million in First Day

In a promising development, Hong Kong's inaugural Bitcoin and Ether exchange-traded funds (ETFs) raised more than $200 million in assets during their April 30 debut.

According to data from Arkham Intelligence, Bosera HashKey's spot Bitcoin and Ether ETFs collected 964 Bitcoin and 4,290 Ether respectively, reaching $71.94 million in assets under management (AUM). Additionally, Bloomberg senior ETF analyst Eric Balchunas reported that ChinaAMC's spot Bitcoin and Ether ETFs raised a total of $123.61 million in AUM.ytd