The total trading of digital asset ETFs on the Hong Kong exchange for the day reached nearly 29.7 million HKD.
Among them, the Bitcoin and Ethereum ETFs of the three large asset management funds accounted for the majority of trading volume, reflecting the strong appeal of cryptocurrencies in this stock market.
MAIN CONTENT
The total trading volume of cryptocurrency ETFs in Hong Kong is nearly 29.7 million HKD.
The Bitcoin ETF and Ethereum from China Asset Management hold the largest volumes.
ETFs from Harvest and Bosera funds also participate strongly with many currency options.
Overview of digital asset ETF trading in the Hong Kong market on August 6
Closing data on August 6 at the Hong Kong stock exchange shows that the total trading of digital asset ETFs reached approximately 29,677,080 HKD. This figure reflects the popularity and positive liquidity of cryptocurrency-related ETFs here.
The results indicate a significant growth in investment activities in digital assets through traditional stock channels, helping to diversify options for investors.
What is the specific trading volume of large asset management funds?
China Asset Management leads in trading volume with two funds, Bitcoin ETF and Ethereum, respectively achieving 9,504,570 HKD and 14,516,700 HKD. Harvest Fund and Bosera Fund closely follow with lower yet significant trading volumes.
Specifically, the Harvest Bitcoin ETF reached 710,700 HKD, the Harvest Ethereum ETF reached 1,019,000 HKD; while the Bosera Bitcoin ETF and Bosera Ethereum ETF had volumes of 1,720,590 HKD and 2,205,510 HKD. This information shows the diverse asset allocation among large funds.
"The high trading volume of cryptocurrency ETFs in Hong Kong reflects the strong growing interest in cryptocurrencies in the Asia region, facilitating investors' access to digital assets in a safe and transparent manner."
Financial expert Ngo Anh Dung, 2024
What currency options are available for cryptocurrency ETFs in Hong Kong?
All the above-mentioned digital asset ETFs have price listings in HKD and USD, while only China Asset Management offers additional ETFs priced in Renminbi (RMB). This meets the diverse needs of investors in the region to mitigate exchange rate risks.
Providing a variety of trading currency units contributes to increased liquidity and convenience for flexible investment strategies in the international market.
What are the notable features of Bitcoin ETFs and Ethereum in Hong Kong?
Bitcoin ETF and Ethereum issued by China Asset Management account for the majority of transactions, with a total volume of approximately 24 million HKD. This demonstrates the ability to attract significant capital flows into the two leading cryptocurrencies, while also showcasing this fund's leading position in the market.
These ETF products allow investors to directly access the price volatility of digital assets without needing to hold coins directly, creating a safer, more transparent, and convenient investment experience.
Comparing trading volumes between Bitcoin ETF and Ethereum funds in Hong Kong
Bitcoin ETF (HKD) Ethereum ETF (HKD) China Asset Management 9,504,570 14,516,700 Harvest Fund 710,700 1,019,000 Bosera Fund 1,720,590 2,205,510
Frequently Asked Questions
What is a digital asset ETF?
A digital asset ETF is a fund traded on the exchange focused on cryptocurrency assets, allowing investors to access the digital currency market without needing to hold coins directly.
Why are cryptocurrency ETFs in Hong Kong attracting investors?
Hong Kong provides a transparent market with many currency options, facilitating investors' access and effective risk management when investing in cryptocurrencies.
What does the trading volume of Bitcoin and Ethereum ETFs signify?
Large trading volumes indicate high interest and liquidity, making it easy for investors to buy and sell and reflecting trends in the cryptocurrency market.
What currency units are available for digital asset ETFs in Hong Kong?
Most ETFs are priced in HKD and USD, with China Asset Management also offering ETFs traded in Renminbi (RMB).
How to invest in cryptocurrency ETFs in Hong Kong?
Investors need to open a Hong Kong stock trading account and choose a cryptocurrency ETF that aligns with their investment strategy.
Source: https://tintucbitcoin.com/etf-tien-dien-tu-hong-kong-dat-297-trieu/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!
