Why isn't the Hong Kong version of ETFs gaining popularity? 6 have joined the fray, but total trading hasn't exceeded 40 million HKD!
As of today's close, the 6 virtual asset ETFs in Hong Kong have traded a total of 39.45 million HKD.
China Asset BTC (3042.HK): 21.18 million HKD
China Asset ETH (3046.HK): 11.44 million HKD
Harvest BTC (3439.HK): 0.8748 million HKD
Harvest ETH (3179.HK): 1.78 million HKD
Bosera BTC (3008.HK): 1.06 million HKD
Bosera ETH (3009.HK): 3.12 million HKD
Compared to the tens of billions in ETF flows seen in the US, this wave in Hong Kong feels more like a 'trial run,' but don't rush; hot money never arrives overnight.
Institutions are already taking action, and the market will eventually ferment. #xrp #DOGE #PEPE #ARB #sol $SOL $PEPE $XRP