Earlier this month, Hong Kong approved several spot Bitcoin (BTC) and Ethereum (ETH) exchange traded funds (ETFs). The 6 Spot BTC and ETH ETF officially debuted on the Hong Kong Stock Exchange earlier today.
Hong Kong Exchange and Clearing Limited (HKEX) has listed six spot BTC and ETH ETFs. Listed stocks include Harvest Bitcoin Spot ETF (3439: Hong Kong), Harvest Ether Spot ETF (3179: Hong Kong), Vocera Hashkey Bitcoin ETF (3008: Hong Kong), Vocera Hashkey Ether Includes ETF (3009: Hong Kong) and China AMC Bitcoin ETF (3042: Hong Kong). HK), ChinaAMC Ether ETF (3046:HK).
Hong Kong spot BTC and ETH ETFs record inflows
In the morning session, Hong Kong's six spot BTC and ETH ETFs recorded a trading volume of about HK$49.4 million (about $6.3 million), according to market data from the Hong Kong Exchange.
Notably, China Asset Management's China AMC Bitcoin ETF led the way with a trading volume of approximately HK$22.97 million. ChinaAMC Ether ETF recorded his second-largest trading volume of approximately HK$10.47 million.
The Harvest Bitcoin Spot ETF registered approximately HK$8.11 million, and the Spot Ether ETF registered approximately HK$2.18 million. Vocera Hashkey Bitcoin ETF recorded a volume of approximately HK$3.59 million in Tuesday morning trading, while its Spot Ether ETF recorded a volume of HK$1.53 million.
Market current situation
The entry of Bitcoin and Ethereum spot ETFs in Hong Kong is a clear sign of the growing demand for digital assets around the world. As the crypto market awaits the US SEC's decision on the Spot Ether ETF, the Hong Kong-based product will become the main benchmark.
Meanwhile, Bitcoin and Ether prices have soared and found solid support levels.
