Hong Kong BTC and ETH Spot ETFs Trade Over HK$7.95 Billion Today
CryptoNewsTerminal Staff24 May, 2024
Hong Kong BTC and ETH Spot ETFs Trade Over HK$7.95 Billion Today
According to the Hong Kong Stock Exchange, the trading volume of six BTC and ETH spot ETFs in Hong Kong on the 24th was HK$45.34 million (approximately HK$795 million). China Asset Management Bitcoin ETF (ticker: 3042.HK) had the highest trading volume (HK$15.17 million). The popularity of these ETFs is a testament to the growing interest in cryptocurrency trading in Hong Kong. Spot ETFs allow investors to trade cryptocurrencies directly on the stock exchange, providing them with a more convenient and regulated way to invest in these assets. As the cryptocurrency market continues to grow, we can expect to see even more interest in spot ETFs in Hong Kong. These ETFs provide investors with a way to gain exposure to cryptocurrencies without having to deal with the complexities of trading on cryptocurrency exchanges.
