Home > Quick > Body

Bloomberg analyst: Considering the size of the Hong Kong cryptocurrency market compared to the United States, this volume does not mark a failure for Hong Kong

clock
2024-05-05 18:32:19
Zhu Haokang, a senior executive at China Asset Management, said in an earlier interview that the size of the Hong Kong ETF will exceed the size of the US ETF on the first day of listing. He remains confident that the ETF will be released at 9.30am tomorrow.
Contrary to Chu Haokang's claims, the total trading volume of the ETF on the first day of listing was 87.58 million Hong Kong dollars, equivalent to 12 million US dollars. This figure is significantly lower than the first day trading volume of the US spot bitcoin ETF (worth 4.60 billion US dollars). However, Bloomberg ETF analyst Eric Balchunas asserts that this volume does not mark a failure for Hong Kong, considering the size of the Hong Kong cryptocurrency market compared to the United States.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.