Disappointing Volume For Hong Kong Crypto ETFs Launch, Issuers Unfazed By SEC's 'ETH-Security' Debacle [zero hedge]
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Source: zero hedge
Disappointing Volume For Hong Kong Crypto ETFs Launch, Issuers Unfazed By SEC's 'ETH-Security' Debacle The recently approved Hong Kong Bitcoin spot ETFs began trading today, but saw relatively low volume on their first day. The Hong Kong Securities and Futures Commission (SFC) approved 6 total spot Bitcoin and Ethereum ETFs last week. Bitcoin Magazine's Vivek Sun reports that the three Bitcoin ETFs that went live overnight include the ChinaAMC Bitcoin ETF, Harvest Bitcoin ETF, and Bosera HashKey Bitcoin ETF. NEW: ???? Opening ceremony of Hong Kong spot #Bitcoin ETFs ?? pic.twitter.com/ux1eb5PqRn — Bitcoin Magazine (@BitcoinMagazine) April 30, 2024 Despite the excitement surrounding the launch, the total trading volume for all Hong Kong Bitcoin ETFs stood at a modest $8.5 million (HK$67 million) for the first trading day. Breaking down the individual Bitcoin ETF trading volumes, the ChinaAMC Bitcoin ETF recorded highest volume of HK$37.16 million, the Harvest Bitcoin ETF saw $17.89 mil
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