The trading volume of cryptocurrency ETFs on the Hong Kong stock exchange reached approximately 60.7 million HKD on the latest day.

Most trades focus on Bitcoin ETFs and Ethereum issued by China Asset Management, Harvest, and Bosera, reflecting significant interest from cryptocurrency investors.

MAIN CONTENT

  • China Asset Management leads with a trading volume of Bitcoin ETFs reaching 42.4 million HKD.

  • Bosera's Ethereum ETF has a trading volume equivalent to Bitcoin, approximately 4.1 million HKD.

  • Most ETFs trade in HKD and USD, while Hua Xia also offers additional trading options in Renminbi.

What was the trading volume of cryptocurrency ETFs on July 11 in Hong Kong?

Data from the Hong Kong stock exchange shows that the total trading volume of cryptocurrency ETFs reached nearly 60.7413 million HKD.

This figure reflects the growing trend and increasing demand for investment in cryptocurrency-related ETF products in this important financial area.

Which major cryptocurrency ETF issuers generate the largest trading volumes?

China Asset Management dominates with Bitcoin ETF reaching 42.3962 million HKD and Ethereum ETF 7.0331 million HKD, demonstrating a leading position in the cryptocurrency ETF sector.

Harvest and Bosera contribute significantly with Bitcoin ETFs and Ethereum, demonstrating a diversification of choices for investors in the cryptocurrency ETF market.

The high trading volume of Bitcoin ETFs and Ethereum in July demonstrates the increasing confidence of investors in financial products based on Blockchain technology.

Mr. Lam Quoc Vinh, Director of Investment at Hong Kong Securities Company, July 2024

What currencies are these ETFs traded in and why is that important?

Most cryptocurrency ETFs on the Hong Kong market trade in HKD and USD, while only two ETFs from Hua Xia additionally support trading in Renminbi.

Diversifying trading currencies helps attract both international and domestic investors, while facilitating currency conversion and risk management.

How can investors choose which ETF based on trading volume and currency factors?

Investors who prioritize high trading volume and good liquidity often choose ETFs from China Asset Management, especially Bitcoin ETFs. Meanwhile, Bosera and Harvest's ETFs are also reasonable choices for Ethereum and Bitcoin with stable liquidity.

Choosing a trading currency is also an important factor in minimizing exchange rate risk, especially for mainland Chinese investors who may prioritize ETFs supported by Renminbi.

Comparison table of trading volume and currency type of cryptocurrency ETFs in Hong Kong

Bitcoin ETF (Million HKD) Ethereum ETF (Million HKD) Trading Currency China Asset Management 42.4 7.03 HKD, USD Harvest 1.96 1.22 HKD, USD Bosera 4.04 4.09 HKD, USD Hua Xia – – HKD, USD, RMB

Frequently Asked Questions

What is a cryptocurrency ETF? A cryptocurrency ETF is an investment fund traded on the stock exchange, reflecting the price volatility of cryptocurrencies like Bitcoin and Ethereum. Why is the trading volume of ETFs important? High trading volume provides ETFs with high liquidity, making them easy to buy and sell, and reduces the risk of significant price fluctuations when trading. What currency is the trading volume of ETFs in Hong Kong measured in this time? The trading volume is measured in millions of Hong Kong dollars (HKD), which is the common currency in this market. What should investors be concerned about when choosing cryptocurrency ETFs? Consider trading volume, types of trading currencies, and issuers to ensure liquidity and risk management capability. What distinguishes Hua Xia's ETFs? Hua Xia offers ETFs with more trading currency options, including RMB, making it suitable for domestic Chinese investors.

Source: https://tintucbitcoin.com/etf-tien-dien-tu-hong-kong-giao-dich-lon/

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