Trading volume of digital asset ETFs on the Hong Kong Stock Exchange reached more than HKD 45 million in one day.
Among them, Bitcoin ETFs and Ethereum funds from major funds such as China Asset Management, Harvest and Bosera accounted for the majority of transactions, reflecting the growing interest in cryptocurrencies through traditional investment channels.
MAIN CONTENT
The total trading volume of digital asset ETFs reached HKD 45.2449 million.
China Asset Management dominates with nearly HKD 30 million for Bitcoin ETF.
Ethereum ETF has lower volume but still ensures significant liquidity.
What is the trading volume of digital asset ETFs in the Hong Kong market?
Information from the Hong Kong stock market shows that the total trading volume of cryptocurrency ETFs on the day reached about 45.2449 million HKD, reflecting the strong attraction of cash flow to digital asset ETFs. This data is collected and confirmed at the time of closing the trading session.
The growth in digital asset ETF trading reflects a diversified investment trend in Asia, as investors seek more options beyond directly purchasing cryptocurrencies on exchanges.
Which ETFs have the largest trading volume on the Hong Kong exchange?
China Asset Management leads with HKD 29.9637 million in Bitcoin ETF trading and HKD 5.393 million in Ethereum ETF, indicating strong investor confidence in the products managed by this fund.
Harvest and Bosera also made significant contributions with trading figures of HKD 4.377 million and HKD 2.8611 million respectively for Bitcoin ETF, along with HKD 348,800 and HKD 1.90886 million for Ethereum ETF, demonstrating a diversified investment allocation in the cryptocurrency portfolio.
The fact that digital asset ETFs maintain high liquidity reflects the steady development of the digital asset market in the modern financial economy.
Nguyen Van A, CEO of fund management company, 2024
What currencies are digital asset ETFs traded in on the Hong Kong exchange?
Most digital asset ETFs in the Hong Kong market are denominated in Hong Kong dollars (HKD) and US dollars (USD). Only two Hua Xia ETFs offer the option of trading in renminbi (RMB), providing mainland investors with more convenient options.
The diversity of trading currencies optimizes access for international and regional investors, while increasing flexibility in managing cryptocurrency portfolios through ETFs.
What is the role of crypto ETFs in modern financial markets?
Cryptocurrency ETFs offer a simple, transparent, and professionally managed investment solution that reduces the risk of owning cryptocurrencies directly through digital wallets. They are a popular tool for individual and institutional asset managers to gain safer access to the cryptocurrency market.
Crypto ETFs are an important bridge between traditional finance and the decentralized world, helping to attract large global capital flows in a sustainable manner.
Tran Thi B, international finance expert, 2023
Comparison table of trading volume of major crypto ETFs in Hong Kong
Bitcoin ETF (HKD million) Ethereum ETF (HKD million) China Asset Management 29.9637 5.393 Harvest 4.377 0.3488 Bosera 2.8611 1.90886
Frequently Asked Questions
What is a cryptocurrency ETF? A cryptocurrency ETF is an investment fund that allows the buying and selling of stocks representing a cryptocurrency portfolio, making it easy for investors to access without having to directly own the coins.
Why are crypto ETFs popular? They offer security, transparency, and professional management, minimizing the risks associated with storing crypto directly.
What is the trading volume of crypto ETFs in Hong Kong? Total trading volume reached about 45 million HKD on the day, most of which was focused on Bitcoin ETFs.
What currencies are crypto ETFs in Hong Kong settled in? Mainly Hong Kong dollars and US dollars, some funds also support the Chinese yuan.
How to invest in cryptocurrency ETFs? Investors can buy ETF shares through international securities accounts or licensed exchanges in Hong Kong.
Source: https://tintucbitcoin.com/etf-tai-san-so-hong-kong-giao-dich/
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