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The first-day fundraising scale of the Hong Kong Spot Crypto ETF exceeded the first-day fundraising scale of the US Spot Bitcoin ETF

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2024-05-01 03:42:45
On April 30, the first batch of spot cryptocurrency ETFs under China Asset Management (Hong Kong), Bosera Funds (International) and Harvest International Assets officially landed on the Hong Kong Stock Exchange. Overall, the first batch of spot cryptocurrency ETFs performed actively on the first day, with a transaction amount exceeding 87 million Hong Kong dollars. Among them, Bitcoin ETFs rose by more than 1%, stronger than Ethereum ETFs.
It is learned from the channel that China Asset Management (Hong Kong) has a strong issuance momentum. On the first day of issuance, China Bitcoin ETF and China Ethereum ETF raised more than 1.10 billion Hong Kong dollars, exceeding the first day of the US Bitcoin ETF. Together with the total amount of funds raised by the other two institutions, the first batch of cryptocurrency ETF raised about 2 billion Hong Kong dollars.
Analysts believe that Hong Kong investors have shown strong interest in virtual assets. With the continuous improvement of virtual asset infrastructure and ecosystem, the scale of cryptocurrency ETF asset management is expected to expand significantly.
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