Dogmaster's control over the market confirmed! Hong Kong virtual asset ETFs have become dominated by Huaxia, retail investors beware of the pitfalls!
Today's Hong Kong virtual asset ETF market data has been exposed, revealing the blatant control of the market by Dogmasters. Out of a total market turnover of 9.687 million HKD, the two Huaxia ETFs alone accounted for 9.06 million (93.5%), while Harvest and Bosera have been reduced to mere supporting roles.
Market data reveals three crucial truths:
Truth 1: RMB counter = harvesting tool
Huaxia Bitcoin ETF (83042.HK) leveraged its advantage of direct RMB trading, achieving a single-day turnover of 7.3789 million HKD, crushing Harvest Bitcoin ETF (245,700) by 30 times. This operation clearly tells retail investors: ETFs without RMB channels are all trash! Dogmasters have already calculated the convenience of mainland funds flowing south, using an exclusive channel to reap premium benefits.
Truth 2: Liquidity trap targets novices
Comparing the three major institutional products:
Huaxia Ethereum ETF: 1.68 million turnover, buy-sell spread 0.8%
Bosera Ethereum ETF: 85,000 turnover, buy-sell spread 2.3%
This means that buying non-leading ETFs will consume an additional 1.5% of your profits just in fees! Dogmasters create price gaps with low liquidity, making it common for orders to sit for two hours without execution.
Truth 3: Following the trend to buy coins is worse than buying leading ETFs
Based on the Bitcoin spot price of $69,500:
Huaxia Bitcoin ETF each share net value ≈ 0.0712 BTC
Harvest Bitcoin ETF each share net value ≈ 0.0709 BTC
The apparent small difference, when combined with liquidity premiums, shows that Huaxia products have an actual premium rate of 0.42%, while Harvest is at a discount of 0.17%. Dogmasters manipulate retail psychology with order book operations, creating the illusion that "leading assets always rise."
Old-school hardcore strategy: Don’t be a bag holder
Only play the leaders: Stick to Huaxia products, avoid the liquidity black hole of Harvest/Bosera;
Timing strikes: Focus trade between 10:00-11:00 AM when Hong Kong capital is concentrated, as the order execution rate increases by 60% during this time;
Hedge risks: Hold ETFs while opening equivalent inverse contracts on Binance to hedge against premium fluctuations.
Warning: The premium rate for Huaxia ETFs RMB counter (83042/83046) has reached a three-month high, and Dogmasters may sell off at any time based on favorable news. Remember: reduce positions when the premium exceeds 1%, and buy the dip when it's at a discount of 0.5%.
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