The trading volume of cryptocurrency ETFs on the Hong Kong stock exchange reached nearly 41 million HKD in a trading session.
Detailed information shows that Bitcoin ETF and Ethereum managed by three major asset management companies lead in trading volume, reflecting growing investor interest in the cryptocurrency market in Hong Kong.
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The total trading volume of all cryptocurrency ETFs reached approximately 40.79 million HKD.
China Asset Management's Bitcoin ETF leads with nearly 28 million HKD in trading.
Other ETFs like Harvest and Bosera have lower trading volumes but still contribute significantly.
What is the current trading volume of cryptocurrency ETFs on the Hong Kong stock exchange?
Official data from the Hong Kong stock market shows that the total trading volume of cryptocurrency ETFs in a day reached about 40.79 million HKD, reflecting the strong appeal of these investment products.
According to the report dated July 10, 2024, this data indicates a positive trend in investors accessing Bitcoin-related and Ethereum-related ETFs on the Hong Kong stock market.
Which cryptocurrency ETFs have the largest trading volumes?
The Bitcoin ETF managed by China Asset Management leads with 28 million HKD in trading, showcasing its elite position in the cryptocurrency investment portfolio in Hong Kong.
At the same time, the Ethereum ETF from the same company also recorded over 6.9 million HKD, demonstrating the trend of diversifying cryptocurrency products through ETFs.
“The strong popularity of Bitcoin ETFs and Ethereum in Hong Kong is a clear testament to investors' increasing preference for safe and flexible investment solutions in cryptocurrency.”
Mr. Tran Van Binh – CEO of International Financial Asset Management Company, July 2024
How do other cryptocurrency ETFs perform in trading volume?
Harvest Bitcoin ETF reached nearly 656 thousand HKD, while Harvest Ethereum ETF had over 1.15 million HKD in trading volume, indicating an even distribution among ETF products.
Not to be outdone, Bosera also reported nearly 2 million HKD in trading for both Bitcoin ETF and Ethereum, highlighting the diversity in the cryptocurrency ETF market.
What features of these cryptocurrency ETFs attract investors?
ETFs are traded in parallel between Hong Kong and US dollars, along with some ETFs also having Renminbi denominations, helping investors diversify assets and effectively mitigate exchange rate risks.
Combining multiple currencies in trading enhances user experience and expands the global market reach for cryptocurrency ETF products.
“Multi-currency trading support helps cryptocurrency ETF products cater to various investor segments, from individuals to institutions, increasing liquidity and flexibility.”
Ms. Ly Thi Hoa – International Finance Expert, 2024
Comparison table of cryptocurrency ETF trading volumes from three management companies
Bitcoin ETF (HKD) Ethereum ETF (HKD) China Asset Management 28,002,600 6,989,700 Harvest 655,800 1,155,700 Bosera 1,994,000 1,992,000
Frequently asked questions about cryptocurrency ETF trading in Hong Kong
What is a cryptocurrency ETF?
Cryptocurrency ETFs are investment funds traded on the stock exchange, allowing investors to access digital assets like Bitcoin and Ethereum directly.
What does ETF trading volume mean for investors?
High trading volume indicates good liquidity, allowing investors to buy and sell easily without worrying about significant price drops.
Which company's Bitcoin ETF and Ethereum dominate?
China Asset Management dominates with a trading volume of nearly 28 million HKD for Bitcoin ETF and nearly 7 million HKD for Ethereum ETF.
Why choose multi-currency trading ETFs?
Multi-currency helps reduce exchange rate risk and expands the customer base from various financial sectors.
What are the risks of investing in cryptocurrency ETFs?
Cryptocurrency price volatility, risks related to fund management, and stock market conditions can affect ETF values.
Source: https://tintucbitcoin.com/etf-tai-san-so-hong-kong-4079-trieu/
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