Hong Kong Virtual Currency ETF Trade Volume Reaches 15.1 Billion Won

IconCryptoNewsTerminal Staff11 Jun, 2024

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Hong Kong Virtual Currency ETF Trade Volume Reaches 15.1 Billion Won

Hong Kong Virtual Currency ETF Trade Volume Exceeds 15 Billion Won According to the Hong Kong Stock Exchange, as of the 11th, the trading volume of the six Hong Kong BTC and ETH spot ETFs was approximately 85.59 million Hong Kong dollars (approximately 15.1 billion won). China Asset Management's Bitcoin ETF (ticker: 3042.HK) had the highest trading volume at 35.44 million Hong Kong dollars. Virtual currency ETFs are investment products that allow investors to invest in virtual currencies such as Bitcoin and Ethereum without having to directly buy and manage the underlying assets. ETFs are traded on traditional stock exchanges, making them more accessible to a wider range of investors. The launch of virtual currency ETFs in Hong Kong has been met with significant interest from investors, reflecting the growing popularity of virtual currencies as an asset class. The high trading volume of these ETFs further demonstrates the increasing demand for investment products that provide exposure to this emerging market.

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