Data from the Hong Kong Stock Exchange shows that on their very first trading day, Bitcoin ETFs and Ethereum Spot ETFs saw $11 Million in volumes. Hong Kong Stock Exchange. The six initial offerings from the Chinese regions have officially been released. debuted early Tuesday. ChinaAMC was the top issuer with 4,75 million dollars.
The United States Spot Bitcoin ETF, which was approved in December 2017, saw its volume increase to $4.6 billion on the first day. Those circumstances, however, are quite different when it comes to who can trade the investment products. Even so, this is a milestone moment in the history of digital assets.
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Hong Kong Bitcoin and Ethereum Exchange Traded Fund First Trading Day Volume $11 Million
The digital assets industry saw a rise in interest for crypto ETFs throughout this year. The product was approved by the United States. Newborn Nine has been a huge success.
In addition, these factors have been important in determining the general value of Bitcoin. Bitcoin hit a record high of $73,000 in March this year. Hong Kong’s recently approved Spot Bitcoin ETF and Ethereum ETFs have seen a record of $11 million in its first trading session.
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The debut of six Bitcoin and Ether exchange-traded funds took place on early Tuesday. China Asset Management was the manager of these new investment products, along with Harvest Global, Bosera and HashKey. ChinaAMC proved to be most successful with an ETF that gained 1.53 % at the closing.
Comparing the results to those of United States on their first trading day, it is not a very impressive result. There is the fact that mainland China has no access to investment opportunities. The arrival of Hong Kong is still a major development in the entire industry.
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Source: watcher.guru
