**Hong Kong’s Bitcoin ETFs Hit HK$2 Billion Milestone**

Hong Kong's cryptocurrency investment scene is booming! The city's Bitcoin exchange-traded funds (ETFs) have now surpassed HK$2 billion ($256 million) in total asset management. This marks a significant milestone, reflecting growing interest in digital assets despite a slower start compared to the US.

- **Weekly Inflow:** The three spot Bitcoin ETFs in Hong Kong saw a net inflow of around 247 BTC this week, boosting their total holdings to about 4,450 BTC—a 5.9% increase.

- **Dominant Players:** China Asset Management and Harvest Asset Management, in partnership with OSL, dominate the market with HK$1.337 billion in assets, over 63% of the total. The third ETF holds HK$776 million.

- **Market Comparison:** Despite recent gains, Hong Kong’s Bitcoin ETFs lag behind US counterparts. Initial asset inflows were modest at $14 million compared to billions in the US.

Hong Kong's unique in-kind ETF creation model offers potential, but the city still has ground to cover to match US market enthusiasm.