Golden Finance reported that on April 30, the first batch of spot cryptocurrency ETFs under China Asset Management (Hong Kong), Bosera Fund (International), and Harvest Global Asset Management officially landed on the Hong Kong Stock Exchange. Overall, the first batch of spot cryptocurrency ETFs performed actively on the first day, with a transaction amount of more than HK$87 million, of which the Bitcoin ETF rose by more than 1%, stronger than the Ethereum ETF. It was learned from channel sources that China Asset Management (Hong Kong) has a strong momentum in issuance. On the first day of issuance, the fundraising scale of China Asset Management Bitcoin ETF and China Asset Management Ethereum ETF exceeded HK$1.1 billion, exceeding the fundraising scale of the US Bitcoin ETF on the first day. Combined with the total fundraising of the other two institutions, the fundraising scale of the first batch of cryptocurrency ETFs is about HK$2 billion. Analysts believe that Hong Kong investors have shown a strong interest in virtual assets. With the continuous improvement of virtual asset infrastructure and ecosystem, the asset management scale of cryptocurrency ETFs is expected to expand significantly.
