Trading volume of cryptocurrency ETFs in the Hong Kong market reached nearly 47 million HKD on July 22.
Among them, Bitcoin and Ethereum ETFs from China Asset Management led in liquidation, reflecting a strong investment trend in cryptocurrency ETF products in this market.
- Total trading volume of 6 cryptocurrency ETFs reached nearly 47 million HKD.
- China Asset Management Bitcoin ETF and Ethereum had the highest trading, reaching over 12.8 million and 22.6 million HKD respectively.
- ETFs from Harvest and Bosera had lower liquidation but still attracted significant attention.
What is the trading volume of cryptocurrency ETFs in the Hong Kong market?
As of the close of trading on July 22, the total trading volume of all cryptocurrency-related ETFs in the Hong Kong market reached approximately 46.9811 million HKD, showing significant attraction to these financial products.
According to official data, specific trading points include China Asset Management Bitcoin ETF reaching 12.8487 million HKD, while the Ethereum ETF from the same company had the highest trading volume up to 22.6869 million HKD, occupying an overwhelming proportion of total liquidation.
Which ETF has the highest liquidation in the Hong Kong market?
China Asset Management leads in trading volume of cryptocurrency ETFs with 2 Bitcoin and Ethereum products, recording 12.8487 million HKD and 22.6869 million HKD respectively.
Investment in cryptocurrency ETFs is growing strongly, proving the increasing acceptance and trust of professional and individual investors in the global market.
Nguyen Van An, ETF Investment Director, July 2024
Harvest Fund also maintains a solid position with Bitcoin ETF recording 3.7061 million HKD in trading and Ethereum ETF reaching about 1.8928 million HKD, continuing to provide diverse trading opportunities for investors.
Comparison of trading volumes among prominent cryptocurrency ETFs in Hong Kong?
The difference in liquidation of funds reflects different investor priorities and confidence. China Asset Management leads with a total trading volume of over 35 million HKD, followed by Harvest and Bosera with negotiations from over 2 to 4 million HKD per fund.
| ETF Fund | Bitcoin ETF (HKD millions) | Ethereum ETF (HKD millions) |
|---|---|---|
| China Asset Management | 12.8487 | 22.6869 |
| Harvest | 3.7061 | 1.8928 |
| Bosera | 2.0657 | 3.7808 |
Note, these ETFs all have trading versions in Hong Kong USD and US USD. Some ETFs from Hua Xia also have versions in RMB, helping to diversify options for international investors.
What are the characteristics of cryptocurrency ETFs in Hong Kong during trading sessions?
Most cryptocurrency ETFs support trading in two main currencies: Hong Kong USD and US USD, optimizing liquidity and suitable for diverse investor needs.
We continue to expand currency options for ETFs to increase global market accessibility and promote liquidity.
Tran Huu Binh, CEO of HKEX Exchange, 2024
Additionally, two ETFs from Hua Xia are also issued on platforms quoted in RMB, contributing to the strategy of internationalizing Chinese currency in the cryptocurrency field.
Frequently Asked Questions about Cryptocurrency ETFs in Hong Kong
What are cryptocurrency ETFs?
Cryptocurrency ETFs are Exchange Traded Funds investing in cryptocurrencies like Bitcoin, Ethereum, helping investors easily access the cryptocurrency market through traditional financial products.
Why do cryptocurrency ETFs attract investors?
Cryptocurrency ETFs provide diversification, reduce risks compared to direct investment, and allow easy trading on reputable stock exchanges.
How does ETF trading volume affect price?
High trading volume indicates good liquidity, helping ETF prices remain stable and accurately reflect cryptocurrency market fluctuations.
What are the popular cryptocurrency ETFs in Hong Kong?
Three popular entities are China Asset Management, Harvest, and Bosera with Bitcoin and Ethereum ETFs occupying most of the market liquidation.
What currency versions do ETFs have for trading?
Most have versions in Hong Kong USD, US USD, and some in RMB, allowing investors to flexibly choose according to their needs.
