Market Update: Hong Kong BTC Spot ETF Volume Soars
CryptoNewsTerminal Staff14 Sep, 2024
Market Update: Hong Kong BTC Spot ETF Volume Soars
With the recent increase in interest in Bitcoin (BTC), the trading volume of the three Bitcoin spot ETFs in Hong Kong has seen a significant surge. According to data from the Hong Kong Futures Exchange (HKEX), the trading volume reached HK$84 million (US$10.7 million) this week, marking an impressive 191% increase compared to last week's HK$28.86 million. This notable increase in trading volume suggests a growing demand for Bitcoin spot ETFs in Hong Kong. These ETFs provide investors with an alternative way to gain exposure to the price of Bitcoin without having to directly purchase and store the cryptocurrency themselves. As the cryptocurrency market continues to evolve, it will be interesting to see how the trading volume of these ETFs continues to perform in the future.
