The trading volume of cryptocurrency ETFs on the Hong Kong stock market reached nearly 56 million HKD in one day.
Among them, Bitcoin ETFs and Ethereum from large management funds like China Asset Management, Harvest, and Bosera account for the majority of trades, reflecting the strong appeal of cryptocurrencies in the traditional investment channel.
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The total trading volume of cryptocurrency ETFs reached about 55.8 million HKD.
Bitcoin ETF and Ethereum from China Asset Management lead with over 44 million HKD in trading.
Cryptocurrency ETFs consist of many currencies, mainly Hong Kong dollars and US dollars, some have RMB.
How is the trading volume of cryptocurrency ETFs on the Hong Kong market currently?
Data from the Hong Kong stock market recorded a total trading volume of all cryptocurrency ETFs reaching about 55.8 million HKD, reflecting significant investor interest in this investment channel.
This partly reflects the strong growth trend in the financial sector related to cryptocurrencies, especially in ETFs linked to Bitcoin and Ethereum – the two leading currencies in the global market.
Which management funds are leading in trading volume for Bitcoin ETFs and Ethereum?
China Asset Management leads both Bitcoin ETF and Ethereum with 17 million HKD and nearly 28 million HKD in trading, surpassing other funds like Harvest and Bosera.
This shows the credibility and attractiveness of ETF products from leading managers in Hong Kong, contributing to good liquidity and diverse choices for investors.
The allure of cryptocurrency ETFs is becoming stronger, especially with the leadership of large funds, increasing confidence and driving strong capital flows into the market.
Quoted from Mr. Jonathan Lee, Investment Director at Asian Digital Asset, 2024
What currencies are used for cryptocurrency ETFs on the Hong Kong exchange?
Most cryptocurrency ETFs here are listed in two main currencies: Hong Kong dollars and US dollars, with a few ETFs from Hua Xia also having Renminbi (RMB) denominations.
This diversity helps increase accessibility and attractiveness to different investor segments, while enhancing liquidity and flexibility in trading on international markets.
Compare the trading volume of Bitcoin ETFs and Ethereum from major management funds
Bitcoin ETF management (million HKD) Ethereum ETF (million HKD) China Asset Management 17.05 27.78 Harvest 1.22 2.34 Bosera 2.27 5.14
Frequently Asked Questions
What is a cryptocurrency ETF?
Cryptocurrency ETFs are investment funds listed that allow investors to access the value of Bitcoin, Ethereum, and other digital assets without directly owning cryptocurrencies.
Why is the trading volume of Bitcoin ETFs and Ethereum so high?
Because Bitcoin and Ethereum are two popular cryptocurrencies with good liquidity, related ETFs receive significant interest from traditional and institutional investors.
What currencies are cryptocurrency ETFs traded in?
Mainly Hong Kong dollars and US dollars, in addition some ETFs also list in Renminbi to expand the market.
Which fund is leading in cryptocurrency ETF trading volume in Hong Kong?
China Asset Management is currently the leading fund in both Bitcoin ETF and Ethereum with total trading volume significantly higher than other funds.
Are cryptocurrency ETF trades risky?
Like other investment channels, cryptocurrency ETFs are subject to volatility in the cryptocurrency market, investors need to closely monitor and manage risks accordingly.
Source: https://tintucbitcoin.com/etf-tien-dien-tu-hong-kong-giao-dich-cao/
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