Trading volume of cryptocurrency ETFs on the Hong Kong market reached nearly 47 million HKD in the session on July 22.
Among them, China Asset Management's Bitcoin ETF and Ethereum funds lead in liquidity, reflecting the strong investment trend in cryptocurrency ETF products in this market.
MAIN CONTENT
The total trading volume of 6 crypto ETFs reached nearly 47 million HKD.
China Asset Management Bitcoin ETF and Ethereum had the highest trading volume, reaching over 12.8 million and 22.6 million HKD respectively.
ETFs of Harvest and Bosera units are less liquid but still attract significant interest.
What is the trading volume of crypto ETFs on the Hong Kong market?
As of the close of trading on July 22, the total trading volume of all cryptocurrency-related ETFs on the Hong Kong market reached approximately HKD 46.9811 million, showing significant attraction for these financial products.
According to official data, specific trading milestones such as China Asset Management Bitcoin ETF reached 12.8487 million HKD, while the Ethereum ETF of the same company had the highest trading volume of up to 22.6869 million HKD, accounting for an overwhelming proportion of total liquidity.
Which ETF has the highest liquidity in the Hong Kong market?
China Asset Management ranked first in trading volume of cryptocurrency ETFs with two products Bitcoin and Ethereum, recording HKD 12.8487 million and HKD 22.6869 million respectively.
Investment in cryptocurrency ETFs is growing strongly, demonstrating the growing acceptance and trust of professional and individual investors in the global market.
Nguyen Van An, ETF Investment Director, July 2024
Harvest Fund also took a fairly solid position with Bitcoin ETF recording HKD 3.7061 million in transactions and Ethereum ETF reaching about HKD 1.8928 million, continuing to facilitate diversified trading for investors.
How does trading volume compare among prominent crypto ETFs in Hong Kong?
The difference in liquidity among the funds reflects the different priorities and beliefs of investors. China Asset Management leads with a total trading volume of more than HK$35 million, followed by Harvest and Bosera with trading of more than HK$2 million to HK$4 million each.
Bitcoin ETF (HKD million) Ethereum ETF (HKD million) China Asset Management 12.8487 22.6869 Harvest 3.7061 1.8928 Bosera 2.0657 3.7808
Note that the above ETFs are all available in Hong Kong Dollars and US Dollars. Some Hua Xia ETFs also have renminbi versions, diversifying the options for international investors.
What are the trading session characteristics of crypto ETFs in Hong Kong?
Most crypto ETFs support trading in two major currencies, Hong Kong Dollar and US Dollar, optimizing liquidity and catering to diverse investor needs.
We continue to expand currency options for ETFs to increase accessibility and promote liquidity in global markets.
Tran Huu Binh, CEO of HKEX Exchange, 2024
In addition, two ETFs under Hua Xia are also issued as a RMB-denominated platform, contributing to the strategy of internationalizing the Chinese currency in the cryptocurrency sector.
Frequently Asked Questions About Crypto ETFs in Hong Kong
What is a Crypto ETF?
Cryptocurrency ETFs are exchange-traded funds that invest in cryptocurrencies such as Bitcoin and Ethereum, allowing investors to easily access the cryptocurrency market through traditional financial products.
Why are cryptocurrency ETFs attractive to investors?
Cryptocurrency ETFs provide diversification, reduce risk compared to direct investments, and allow easy trading on reputable stock exchanges.
How does ETF trading volume affect price?
High trading volume shows good liquidity, helping ETF prices stabilize and accurately reflect cryptocurrency market fluctuations.
What are the popular crypto ETFs in Hong Kong?
The three popular players are China Asset Management, Harvest and Bosera with Bitcoin ETFs and Ethereum accounting for the majority of liquidity in the market.
What currencies does the ETF have?
Most have Hong Kong USD, US USD versions and some have Chinese Yuan versions, giving investors the flexibility to choose according to their needs.
Source: https://tintucbitcoin.com/etf-tai-san-ao-hong-kong-hom-nay/
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
