The transaction amount is only HKD 51.82 million. Is the Hong Kong version of the virtual asset ETF still viable?
Today, the Hong Kong stock market closed with a total transaction of only HKD 51.8266 million for 6 virtual asset ETFs, the data is as follows:
- Huaxia Bitcoin ETF (3042.HK) takes the lead: HKD 34.14 million
- Bosera HashKey series total: over HKD 11.38 million
- Harvest Dual Currency ETF combined is less than HKD 4.2 million
- Huaxia Ethereum ETF (3046.HK): only HKD 2.17 million, performing mediocre
What do you think?
After the first day's "excitement", the trading volume has clearly cooled down, retail enthusiasm is lacking, and institutions are still observing.
Even with the halo of the "Chinese version of Bitcoin spot ETF", the three mountains of HKD liquidity, channel restrictions, and capital efficiency still stand in front.
Want to explode? It’s necessary to wait for Chinese capital to truly participate before talking about the "Eastern Hemisphere cryptocurrency center" with confidence.
The reality is harsh, the narrative is strong, and the Hong Kong version of the ETF is still looking for direction for now.
