Crypto ETFs amassed over $200 million on their first day of trading in Hong Kong.
The amount of assets under management remains muted compared to the billions of dollars attracted by U.S. spot Bitcoin ETFs in January.
Hong Kong spot Bitcoin and Ether exchange-traded funds have attracted more than $200 million in total assets on their April 30 debut.At the time of publication, the Hong Kong Stock Exchange has not updated the asset management data for the spot Bitcoin and Ether ETFs of Harvest Global, the third ETF issuer. However, the combinedBalchunas."That said, if you localize numbers, this was BIG: e.g.
Meanwhile, HashKey wrote that “importantly, non-Hong Kong nationals can also subscribe for or purchase units in the ETFs if they meet local regulatory requirements, such as passing customer due diligence.” In addition, Hong Kong crypto ETFs allow investors to subscribe for ETF units directly using BTC and ETH, and vice versa, which is not available for their U.S. counterparts.by Hong Kong-regulated crypto exchange OSL, 76.
Despite the enthusiasm, Hong Kong’s crypto ETFs remain accessible only to the city’s estimated 6.4 million adult residents. Mainland Chinese investors, whose numbers are north of 1 billion, are currentlyBitcoin sub-$60K levels in focus after daily crypto liquidations near $300M
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