Bitcoin and Ethereum Spot ETFs Debut on Hong Kong Stock Exchange

Recently approved bitcoin and ethereum spot ETF applications by Harvest Global Investments, China Asset Management and Bosera Asset Management went live on the Hong Kong Stock Exchange last Tuesday.

Despite the enthusiasm for the listings, the combined trading volume on the launch day of these spot ETFs only reached 87.58 million HKD ($12 million), well below the 4.6 billion dollars in trading volume of US bitcoin spot ETFs on their first day.

Although the assets under management and trading volumes of these Hong Kong spot ETFs are much smaller compared to their US counterparts, more potential investors and new integrations into the Asian financial system could be positive for ETF prices. bitcoins and ethereum in the long term.

The approval of bitcoin and ethereum spot ETFs in Hong Kong could also pave the way for other countries and neighboring jurisdictions to follow suit.

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