On July 9, the total trading volume of digital asset-based ETFs on the Hong Kong stock exchange reached approximately 11.6 million HKD.
Detailed trading results show that Bitcoin and Ethereum ETFs issued by China Asset Management, Harvest, and Bosera all recorded noteworthy trading levels, indicating increasing investor interest in digital assets in this region.
MAIN CONTENT
The total trading volume of cryptocurrency ETFs in Hong Kong reached 11.6 million HKD.
China Asset Management and Harvest lead with high trading volume Bitcoin ETFs.
Ethereum ETFs also recorded significant trading volumes, reflecting the growth trend in the digital asset market.
What was the trading volume of digital asset ETFs in Hong Kong on July 9?
Official data from the Hong Kong Stock Exchange shows that the total trading volume of all digital asset ETFs on July 9 reached approximately 11.615 million HKD. This is clear evidence of the increasing interest of investors in cryptocurrency-related ETF products in the traditional stock market.
The above information is compiled based on the closing transaction data, reinforcing the belief that digital asset ETFs are gradually becoming more popular investment products in Asia.
How have Bitcoin ETFs achieved trading volumes?
The leading Bitcoin ETFs in trading volume include China Asset Management with 3.44 million HKD and Harvest with 3.53 million HKD, demonstrating Bitcoin's strong appeal in the ETF investment portfolio in Hong Kong.
“Trading volumes exceeding 3 million HKD for each Bitcoin ETF prove Bitcoin's sustainable appeal to both professional and individual investors.”
Mr. Li Minh, ETF Product Director, Hong Kong, 2024
Not only providing high liquidity, Bitcoin ETFs also help investors easily access digital assets without needing to own a cryptocurrency wallet directly, increasing safety and convenience.
How was the trading of Ethereum ETFs on that day?
Ethereum ETFs from China Asset Management and Bosera recorded volumes of approximately 1.18 million HKD and 2.14 million HKD, while Harvest recorded 802,800 HKD. This shows the diversification in cryptocurrency investment demand is not only focused on Bitcoin but also expands to Ethereum.
“Ethereum continues to be viewed as a crucial platform with superior application development and smart contract potential, which is clearly reflected through the significant trading volumes of ETFs from investors.”
Dr. Tran Van Hung, Blockchain & Cryptocurrency Expert, 2024
With the rapid development of DeFi and Smart Contract applications, Ethereum ETFs are increasingly attracting investors, helping to increase liquidity and stability for digital asset investment portfolios.
What are the characteristics of cryptocurrency ETFs in Hong Kong regarding trading units?
Cryptocurrency ETFs on the Hong Kong exchange are traded in various currencies, including HKD and USD, enhancing accessibility for international investors. Notably, only two ETFs from Hua Xia allow trading in Renminbi (RMB), demonstrating flexibility in market strategy.
Owning multiple denominations of currency makes cryptocurrency ETFs more convenient in managing exchange rate risks and attracting investors from various regions.
Summary table of cryptocurrency ETF trading volumes on July 9 (unit: million HKD)
ETF Bitcoin ETF Ethereum ETF China Asset Management 3.44 1.18 Harvest 3.53 0.80 Bosera 0.52 2.14
Frequently asked questions about cryptocurrency ETFs in Hong Kong
Do cryptocurrency ETFs help reduce risk compared to direct ownership?
Indeed, cryptocurrency ETFs allow investors to have exposure to digital assets without managing wallets, reducing the risk of losing Private Keys as well as personal wallet volatility.
Does high trading volume affect the liquidity of the fund?
High trading volumes increase liquidity, allowing investors to buy and sell ETFs quickly and conveniently with low spreads.
Why do cryptocurrency ETFs have multiple currency denominations?
Using a variety of trading currencies helps investors from different regions easily access, while minimizing exchange rate fluctuation risks.
Which cryptocurrency ETFs are popular in Hong Kong?
Currently, Bitcoin and Ethereum ETFs issued by China Asset Management, Harvest, and Bosera are leading in trading volumes in the Hong Kong market.
Is the trading value on July 9 a positive signal for the cryptocurrency market?
Strong trading volumes reflect the growing interest of investors in cryptocurrencies, contributing to positive growth forecasts for the digital asset market.
Source: https://tintucbitcoin.com/etf-tai-san-so-hong-kong-11615-trieu/
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