First Batch Of Cryptocurrency ETFs Debuts On Hong Kong Stock Exchange
According to BlockBeats, on May 1st, the first batch of spot cryptocurrency ETFs from Huaxia Fund (Hong Kong), Bosera Fund (International), and Harvest International Asset officially landed on the Hong Kong Stock Exchange. The overall performance on the first day was active, with a turnover exceeding 87 million Hong Kong dollars. Among them, the Bitcoin ETFs rose by more than 1%, outperforming the Ethereum ETFs.
Sources revealed that the first batch of cryptocurrency ETFs raised a total of about 2 billion Hong Kong dollars on the first day. The momentum of the Huaxia Fund's issuance was particularly strong, with the Huaxia Bitcoin ETF and Ethereum ETF raising more than 1.1 billion Hong Kong dollars, surpassing the scale of the US Bitcoin ETF on the first day.
Industry insiders believe that Hong Kong investors have shown a high degree of enthusiasm for virtual assets. As the infrastructure and ecosystem of virtual assets continue to improve, the asset management scale of cryptocurrency ETFs is expected to expand significantly.
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