The explosive growth of cryptocurrency ETF trading on the Hong Kong stock market
On June 25, data from the Hong Kong stock market showed that the total trading volume of cryptocurrency ETFs reached approximately 18.0132 million HKD. This is a clear sign of strong interest from investors in cryptocurrency-related exchange-traded funds in this region.
Outstanding trading volumes of Bitcoin ETFs and Ethereum
Among the traded ETFs, China Asset Management Bitcoin ETF recorded the highest trading volume with 11.9224 million HKD, indicating Bitcoin's dominance in the cryptocurrency ecosystem. Following that is China Asset Management Ethereum ETF with 2.2333 million HKD, demonstrating strong demand for Ether in the investment portfolios of financial institutions.
Products from Harvest Fund are also competitive with a Bitcoin ETF achieving 950.4 thousand HKD and an Ethereum ETF at 464.5 thousand HKD. Similarly, Bosera's Bitcoin ETF and Ethereum ETF recorded 996.3 thousand HKD and 1.4463 million HKD respectively, showcasing the variety in cryptocurrency ETF product offerings.
Detailed information about the currency and diverse ETF products
Notably, all of these digital asset ETFs have two types of stock codes corresponding to the Hong Kong Dollar (HKD) and US Dollar (USD). Additionally, only two ETFs from Hua Xia are supported for trading in Renminbi (RMB), providing convenience for investors in mainland China.
The combination of diverse currencies allows cryptocurrency ETFs to capitalize on the global market, while also increasing liquidity and reaching a broader investor audience.
Conclusion
The trading volume data of cryptocurrency ETFs in Hong Kong clearly reflects a trend of systematic allocation towards digital assets. Investors should pay attention to these trading indicators as important measures for leading trends, while also considering diversifying their portfolios with high-liquidity ETF products and various payment currencies. This is the starting point for a breakthrough phase in the regional cryptocurrency financial market in the near future.
Source: https://tintucbitcoin.com/giao-dich-etf-tai-san-so-tang-vot/
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