The total cryptocurrency ETF trading on the Hong Kong exchange reached nearly 51.5 million HKD on July 23.
Trading mainly focuses on Bitcoin ETFs and Ethereum from major management funds such as China Asset Management, Harvest, and Bosera with diverse payment currencies.
MAIN CONTENT
Trading in Bitcoin ETF and Ethereum totaled over 51 million HKD.
China Asset Management leads trading with over 45 million HKD.
Cryptocurrency ETFs in Hong Kong diversify payments in HKD, USD, and CNY.
What was the scale of cryptocurrency ETF trading in Hong Kong on July 23?
According to the Hong Kong stock market data, the total trading volume of digital asset ETFs reached approximately 51.5214 million HKD on July 23.
Statistical results show that the cryptocurrency market through ETFs still maintains a strong attraction due to product diversity and investors' familiarity with ETFs from top management.
What are the largest and most dominant cryptocurrency ETF funds?
China Asset Management recorded the highest trading volume with over 22.4 million HKD for Bitcoin ETF and 23.3 million HKD for Ethereum ETF.
Harvest and Bosera also contribute significantly with trading in millions of HKD, reflecting the diverse capital allocation in the cryptocurrency ETF group in Hong Kong. These ETFs have both HKD and USD trading versions, while some Hua Xia ETFs even have versions priced in CNY.
“Cryptocurrency ETF trading in Hong Kong shows an increasing popularity and investment diversification capability for investors in the region.”
Mr. Tran Minh Hoang, Market Analysis Director, July 2024
How does the diversity of trading currencies affect the cryptocurrency ETF market?
Cryptocurrency ETFs are listed in multiple currencies such as HKD, USD, and RMB, attracting multinational investors, especially in the Asia-Pacific region.
This facilitates flexible trading, meets the diverse needs of investors, and reduces exchange rate conversion risks. This is an important factor that helps ETFs maintain high liquidity and competitiveness in the modern financial market.
Compare the trading volume of Bitcoin ETF and Ethereum in Hong Kong on July 23
Bitcoin ETF (HKD) Ethereum ETF (HKD) China Asset Management 22,401,500 23,356,500 Harvest 1,047,800 922,400 Bosera 1,816,700 1,976,500
Frequently Asked Questions
What is a cryptocurrency ETF?
Cryptocurrency ETFs are investment funds that mimic the value of Tokens or cryptocurrencies, allowing investors to access the cryptocurrency market more easily and safely.
How popular is cryptocurrency ETF trading in Hong Kong?
Data from July 23, 2024, shows that the total cryptocurrency ETF trading in Hong Kong reached over 51 million HKD, proving that the market is very dynamic and attracts attention.
Which funds hold a large market share in cryptocurrency ETFs in Hong Kong?
China Asset Management leads in trading volume for Bitcoin ETF and Ethereum, followed by Harvest and Bosera.
What currencies are used to trade cryptocurrency ETFs in Hong Kong?
Cryptocurrency ETFs are settled in HKD, USD, and some funds support CNY to meet diverse investor needs.
What does currency diversification help investors with?
Currency diversity helps reduce exchange rate risk, increase liquidity, and support more convenient investments for international investors.
Source: https://tintucbitcoin.com/etf-tien-dien-tu-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!
