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Hong Kong's first six spot Bitcoin and Ethereum ETFs launched with a total trading volume of $11 million on their debut day, significantly underperforming compared to the U.S. Bitcoin ETFs which saw $4.6 billion on their first day. The ETFs, managed by China Asset Management, Harvest Global, Bosera, and HashKey, attracted strong initial inflows, with China Asset Management alone drawing HK$1.1 billion. Despite the lower than expected trading volumes and Bitcoin falling below $62,000, the launch marks a significant step in crypto adoption in Asia.
๐๏ธ Crypto News On April 30, Hong Kong's spot Bitcoin and Ether exchange-traded funds (ETFs) made a successful debut, attracting more than $200 million in total assets. ๐ https://t.co/r05xKg1JcG #CryptoNews
Why Hong Kongโs disappointing Bitcoin and Ethereum ETF launch was actually a huge success https://t.co/iIgcsEUKGv
Hong Kong Cryptocurrency ETF First Day: IOP Exceeds Expectations, Low Trading Volume, Future Outlook Read more https://t.co/cOw4xgV4GU https://t.co/fyrUoaILPG
