I just hope this change will have a dent on the crypto market. The debut of Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong fell short of expectations, with modest trading volumes totaling 87.58 million HKD, significantly below the anticipated $100 million mark.
Compared to the US debut, which saw $4.6 billion in trading volume across 11 listed spot Bitcoin ETF products, the Hong Kong launch pales in comparison, raising questions about investor appetite and market dynamics. While some ETFs, like China Asset Management's "ChinaAMC Bitcoin ETF," showed promising initial trading volumes, stakeholders remain cautiously optimistic about the long-term market impact, particularly in expanding investor bases and ensuring market stability through compliance standards and currency accessibility.
I just hope this change will have a dent on the crypto market. The debut of Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong fell short of expectations, with modest trading volumes totaling 87.58 million HKD, significantly below the anticipated $100 million mark.
Compared to the US debut, which saw $4.6 billion in trading volume across 11 listed spot Bitcoin ETF products, the Hong Kong launch pales in comparison, raising questions about investor appetite and market dynamics. While some ETFs, like China Asset Management's "ChinaAMC Bitcoin ETF," showed promising initial trading volumes, stakeholders remain cautiously optimistic about the long-term market impact, particularly in expanding investor bases and ensuring market stability through compliance standards and currency accessibility.