Bitcoin Asia 2024 in Hong Kong: 5,500 Attendees, Half from China, Records $40M ETF Outflows

The Bitcoin Asia 2024 conference in Hong Kong marked a significant milestone as the largest-ever Bitcoin event in Asia, drawing an impressive 5,500 attendees. Notably, half of these attendees were from mainland China. The conference, which featured contributions from Bitcoin Magazine and Xverse App, was celebrated for its success in fostering investment and building relationships in the cryptocurrency sector. Additionally, Hong Kong's recent crypto ETF approvals sparked considerable interest among attendees, particularly concerning the potential of mainland markets. The event also highlighted the current holdings of Hong Kong Spot ETFs, which amount to approximately 4,200 BTC. Executives from Hong Kong ETF issuers confirmed their efforts to promote mortgage financial products based on ETFs. Moreover, Hong Kong's Bitcoin and Ether ETFs experienced record joint outflows of nearly $40M, erasing all inflow gains since their launch.