According to data officially disclosed by the Hong Kong Stock Exchange, the asset management scale of the three Hong Kong spot virtual asset ETFs, China Asset Management, Harvest Asset Management and Bosera HashKey, has exceeded HK$2 billion in the first week of listing. Specifically, as of the closing time of 16:08 (Hong Kong time) on May 3, 2024, the asset management scale of these three ETFs reached HK$2.13069 billion, which is almost twice the asset management scale of virtual asset futures ETFs.
Specifically, the asset management scale of Bosera HashKey Bitcoin ETF is HK$447.22 million, and that of Ethereum ETF is HK$90.82 million; the asset management scale of Harvest Bitcoin ETF is HK$449.39 million, and that of Ethereum ETF is HK$89.87 million; the asset management scale of Hua Xia Bitcoin ETF is HK$904.49 million, and that of Ethereum ETF is HK$148.9 million.
In contrast, in terms of virtual asset futures ETFs, the asset management scale of Samsung Bitcoin Futures ETF is approximately HK$135.12 million, that of CSOP Bitcoin ETF is approximately HK$848.9 million, and that of CSOP Ethereum ETF is approximately HK$208.06 million.
These data show the popularity of spot virtual asset ETFs in the Hong Kong market and the positive response of investors to them. This may reflect investors' interest in directly holding virtual assets and their confidence in virtual asset ETFs as investment tools. In contrast, the asset management scale of futures ETFs is relatively small, which may reflect investors' wait-and-see attitude towards the futures market or because futures ETFs have higher risks and complexity than spot ETFs.
This trend shows the potential and development space of virtual asset ETFs in the Hong Kong market. It also reminds investors to carefully assess investment risks and build and manage investment portfolios according to their own investment goals and risk preferences.
