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When Will Ethereum ETF Be Approved? Latest Situation in Hong Kong Ethereum ETF.
Developments continue to occur regarding Ethereum ETFs, which were recently approved with great repercussion in Hong Kong. The ETF offered by Chinese fund manager ChinaAMC rose to over HK$5 million ($640,780) as of Wednesday, surpassing a significant mark in net inflows. The increase was the largest inflow since the ETF started trading.
Developments continue to occur regarding Ethereum ETFs, which were recently approved with great repercussion in Hong Kong. The ETF offered by Chinese fund manager ChinaAMC rose to over HK$5 million ($640,780) as of Wednesday, surpassing a significant mark in net inflows. The increase follows Tuesday's high of HK$3.77 million, which marked the largest inflow since the ETF began trading. Another day, the SEC is expected to make a decision on the spot Ethereum ETF in the evening hours.
Hong Kong's Ethereum ETFs Break Trading Records
According to news shared by the South China Morning Post, on Tuesday the ETF had a day where more than 1.28 million shares were traded, rising above its average daily trading volume of nearly 500,000 since its market debut on April 30.
