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🚨 Hong Kong ETFs buy 605 #Bitcoin 🇭🇰 HK ETFs have purchased over 1000 #Bitcoin in July https://t.co/4reNXEy9Vt
The Hong Kong Spot Bitcoin ETFs launched on April 30th, 2024, with a total inflow of $247mn. As of July 13th, the AUM of all HK Spot BTC ETFs is 4,941 BTC, or approx ~$313mn. Hong Kong spot BTC ETFs were responsible for ~$65mn of USD inflow into spot BTC over more than 3 months. https://t.co/hSxXTkJxer
#Matrixport 📈Today-Jul 15: Will #ETFs Continue to Buy the #Bitcoin Dip? #BTC #BTCETF #cryptocurrency #Crypto #CryptoFinance https://t.co/p0DmO7nrv7
Hong Kong ETFs have made a significant move by purchasing 425 Bitcoin worth $24 million. This acquisition highlights increasing institutional confidence in cryptocurrency despite Bitcoin's well-known volatility. The Hong Kong Spot Bitcoin ETFs, which launched on April 30, 2024, have seen a total inflow of $247 million. As of July 13, the assets under management (AUM) of all Hong Kong Spot BTC ETFs amount to 4,941 BTC, approximately $313 million. The ETFs were responsible for $65 million of USD inflow into spot Bitcoin over more than three months. Additionally, Hong Kong ETFs have purchased over 1,000 Bitcoin in July alone, including a recent purchase of 605 Bitcoin.