Hong Kong Spot Bitcoin and Ether ETFs Struggle To Gain Traction

Hong Kong’s spot $BTC exchange-traded funds (#ETFs ) have not lived up to expectations in their first week of launch.

Compared to their U.S. equivalents, they’ve significantly underperformed. According to statistics, the asset inflows were less than $14 million in the first week of launch, a stark difference from the billions that flowed into U.S. #BitcoinETF💰💰💰 in January.

A study by crypto exchange OSL found that nearly 80% of crypto-savvy investors in Hong Kong plan to invest in the new Bitcoin and #EthereumETF . However, these assets are not currently accessible to Mainland Chinese investors unless they also hold Hong Kong residency