Hong Kong’s Bitcoin and Ethereum ETFs launch with lower than e | • CRYPTO NEWS • #BTC • #ETH •
Hong Kong’s Bitcoin and Ethereum ETFs launch with lower than expected trading volumes
Hong Kong’s debut of Bitcoin and Ethereum exchange-traded funds (ETFs) commenced with modest trading volumes, tallying up to 87.58 million HKD, equivalent to $11.19 million, based on Hong Kong Stock Exchange data. This trading volume falls significantly short of the issuers’ initial expectations, which anticipated volumes surpassing $100 million. Moreover, the trading volume pales compared to the US debut, where the 11-listed spot Bitcoin ETF products saw $4.6 billion in trading volume.
