According to PANews, Huaxia Fund (Hong Kong) has officially announced that the trading volume of its Bitcoin ETF (3042.HK/9042.HK/83042.HK) broke through 50 million Hong Kong dollars yesterday. This marks a historic high since its listing. The Bitcoin ETF accounted for 87.38% of the total trading volume of similar spot ETFs and 61.18% of the total trading volume of similar spot and futures ETFs.
In addition to this, another core indicator of the ETF product, the bid-ask spread, also leads among similar spot and futures Bitcoin ETFs. This significant increase in trading volume and leading bid-ask spread position indicates a strong market interest and performance of the Huaxia Bitcoin ETF.