#MarketRebound

#ETF$BTC$ETH

The trading volume of cryptocurrency spot ETFs in Hong Kong recently surpassed 58 million USD, setting a new historical high. Ryan Miller, General Manager of OSL, stated that the trading volume and capital inflow of Hong Kong's crypto ETFs are expected to grow significantly. In April 2024, Hong Kong launched six Bitcoin futures and Ethereum futures ETFs. As of December 11, the cumulative holdings of Hong Kong's Bitcoin futures ETFs reached 4560 $BTC (4.45 billion USD), while the Ethereum futures ETFs held 16280 $ETH (59.60 million USD). Ryan Miller noted that the performance of cryptocurrency ETFs in the U.S. and Hong Kong is similar, and it is anticipated that the trading volume and capital inflow for Hong Kong ETFs will see significant growth next year. On December 6, the total trading volume of Hong Kong's crypto futures ETFs exceeded 58 million USD, reaching a historical high. With increasing regulatory support and investor interest, Hong Kong's cryptocurrency ETFs hold a favorable position in the global cryptocurrency market.