Hong Kong's first six spot Bitcoin and Ethereum ETFs launched with a total trading volume of $11 million on their debut day, significantly underperforming compared to the U.S. Bitcoin ETFs which saw $4.6 billion on their first day. The ETFs, managed by China Asset Management, Harvest Global, Bosera, and HashKey, attracted strong initial inflows, with China Asset Management alone drawing HK$1.1 billion. Despite the lower than expected trading volumes and Bitcoin falling below $62,000, the launch marks a significant step in crypto adoption in Asia.
🗞️ Crypto News On April 30, Hong Kong's spot Bitcoin and Ether exchange-traded funds (ETFs) made a successful debut, attracting more than $200 million in total assets. 🔗 https://t.co/r05xKg1JcG #CryptoNews
Why Hong Kong’s disappointing Bitcoin and Ethereum ETF launch was actually a huge success https://t.co/iIgcsEUKGv
Hong Kong Cryptocurrency ETF First Day: IOP Exceeds Expectations, Low Trading Volume, Future Outlook Read more https://t.co/cOw4xgV4GU https://t.co/fyrUoaILPG
NEW: 🇭🇰Hong Kong #Bitcoin ETF market potential is double the size of that of our U.S. counterparts - Harvest Global Investments 🤔
Hong Kong spot crypto ETFs see disappointing debut, but there’s a caveat to US comparisons https://t.co/lhC3pKUeOM
Asia's first crypto ETFs launched in Hong Kong https://t.co/GT5j5dbgSj
JUST IN: 🇭🇰 Hong Kong #Bitcoin ETF market has potential to double US market size, expert says.
UPDATE: Hong Kong launches first spot #Bitcoin and #Ethereum ETFs in Asia. Trading volume hits $12M on debut day. Here are the crucial details…↓ #HongKong #Bitcoin (By: @ComposableD) https://t.co/qPxkBdDiuD
Spot Bitcoin and Ethereum ETFs began trading in Hong Kong Tuesday—and the CEO of one sub-custodian thinks they're sending a message from China, not to it. Here's why: https://t.co/NcRBIlMf6b
Hyped Hong Kong Crypto ETFs Have Launched! But not even crypto's latest ETF milestone couldn't reverse broader bearish sentiment... 🐻 Is there still light on the horizon? Our analysis 👇 https://t.co/zj6LuapJ1P
Despite High Hopes, Hong Kong's #Bitcoin ETFs Start Slow https://t.co/cYySLq7zMg
JUST IN: HONG KONG $BTC and $ETH ETFS SEE ONLY $11M IN TRADING VOLUME ITS FIRST DAY
Hong Kong's Bitcoin and Ethereum ETFs a 'Message From China': OSL CEO ► https://t.co/jCRkhIAD68 https://t.co/jCRkhIAD68
OUCH! #Bitcoin tumbles <60k, faces worst month since FTX debacle. US Bitcoin ETFs have seen outflows of $182mln in April, 1st monthly outflows. https://t.co/UeVSlRTZJG
First day volume for the Hong Kong $BTC & $ETH spot ETFs: $12.8 million dollars
#CryptoMarketUpdate Despite Hong Kong's new #Bitcoin and #Ethereum ETFs, the market is seeing red. Hong Kong introduced six ETFs, but trading volumes hit only $11M. BTC ETFs took the lion's share with $8.5M. #Bitcoin struggles to maintain momentum, slipping below $61K. Ether… https://t.co/ojZOxIzTxQ
There is lot of confusion about volume vs. AUM for the HK ETFs. Trading volume was $12m on Day 1. However, AUM into just one ETF — ChinaAMC — was $122m for BTC & $20m for ETH. This AUM data is not included in volume, possibly b/c the commitments were made prior to launch. https://t.co/Hl94YtzZ8o
Hong Kong Bitcoin ETF Issuer ChinaAMC: The in-kind creation model for the #Bitcoin ETF sets Hong Kong apart as the world's "center of digital assets" https://t.co/KukFo5eIz6
Hong Kong Bitcoin and ETH ETFs have meh debut, the total volume hit $12 million. I guess Asia is awake; just not the size we were expecting. "Your size, isn't size" - Do Kwon
We tried to warn everyone to lower expectations re HK (esp vs that $25b hopium OD estimate). That said, if you localize numbers this was BIG: eg ChinaAMC bitcoin ETF took in $123m on Day One which already ranks it 6th of 82 ETFs launched in past 3yrs in HK and Top 20% overall https://t.co/1nUKWgxgi3
JUST IN: 🇭🇰 Hong Kong's #Bitcoin ETF by ChinaAMC took in $121m in asset on day 1 of trading. More than all US Bitcoin ETFs COMBINED in the last 6 trading days. https://t.co/2N1ppkSjIX
On the “less than stellar” launch of the #bitcoin ETFs in Hong Kong Most don’t realize that May 1 is Labor Day in HK (a holiday). Many of my banking co-workers in HK are out this week on vacation. Watch how spot ETF volume changes when they’re back next week 😉 That said, the…
For the HK ETFS: Bosera for example who only did $1.6 million in volume already had their Bitcoin ETF pre-loaded with 964 BTC ($58.8 million) which it added to their wallet over the last 5 days. https://t.co/2SN0M00Mf7
Trading for #Bitcoin & #Ethereum spot ETFs officially launched in Hong Kong today. 🇭🇰 Is Asia advancing institutional & mainstream adoption of crypto? Read more on @Bloomberg: https://t.co/Ze0jAjaoee
JUST IN: 🇭🇰 ChinaAMC #Bitcoin ETF in Hong Kong took in $121m in flows on the first day. 🙌 That's more than all the US Bitcoin ETFs COMBINED in the last 6 trading days.
Hong Kong Spot BTC/ETH ETFs live TODAY - now on Arkham Bosera Asset Management launched their BTC and ETH ETFs in Hong Kong at market open this morning. The new Bosera Hashkey ETFs are now listed on Arkham. They currently hold: 964 BTC ($59M) 4.29K ETH ($12.94M) https://t.co/qnPmhR5LDI
Investors are starting to treat Bitcoin and Ethereum differently. The simultaneous launch of spot ETFs in Hong Kong yesterday saw ETH capture ~30% of the inflows BTC did; in line with their market caps. One caveat: ETH underperformed BTC by 50% at the largest asset manager. https://t.co/4yqdqpCMSM
Hong Kong investors are starting to treat Bitcoin and Ethereum differently. The simultaneous launch of spot ETFs in HK yesterday saw ETH capture ~30% of the inflows BTC did; in line with their market caps. One caveat: ETH underperformed BTC by 50% at the largest asset manager. https://t.co/rxOXmm2wZj
The six new ETFs saw a combined $11 million of trading volume in the first session, data compiled by Bloomberg shows. That’s a far cry from the $4.6 billion in total volume the 10 US spot-Bitcoin products recorded in their debut. https://t.co/sq7fF6VC7n via @crypto
On paper you'll read that the debut of Hong Kong's #Bitcoin ETFs fell short of expectations, trading at just $9.5M. False. It's illogical to have the same expectations for Hong Kong to that of US. @EricBalchunas said HK market is 1/168th the size of the US. Using that math,… https://t.co/CmSRvBB19P
Six crypto-focused ETFs went public for the first time in Hong Kong on Tuesday, spelling potential competition for popular bitcoin products in the U.S. https://t.co/xomxCzAaQP
Crypto Twitter this morning to Hong Kong #Bitcoin & #ethereum ETFs https://t.co/lMwN88H4Zi https://t.co/Zf5uKXrWkT
📉 Tough debut for Hong Kong’s #Bitcoin and #Ethereum ETFs as day-one trading volumes fall short of U.S. counterparts. https://t.co/mFu4rETrO2
Disappointing Volume For Hong Kong Crypto ETFs Launch, Issuers Unfazed By SEC's 'ETH-Security' Debacle https://t.co/sJRmmzm0k2
HK vs. US: China AMC Leads but Can't Lift Hong Kong Spot #Bitcoin ETFs to US Levels https://t.co/cYySLq7zMg
Hong Kong launched a suite of BTC & ETH ETFs today, and after about half a day of trading, volume has only amounted to a little over $6.3 million. This is nothing compared to their counterparts launched in America, in January that generated about $4.6 billion in volume on the… https://t.co/08IUfonPAG
Here's Hong Kong crypto ETFs volume breakdown, all told traded $12.4m, a LOT for that market- equiv of $1.6b in US. Assets much stronger tho: China AMC reporting $141m in assets (equiv to $22b in US) with $121m of it in btc and $20m of it eth, so eth grabbed 14%. All early data,… https://t.co/scEeBYxOsD
Asia's first spot bitcoin and ether ETFs make lukewarm Hong Kong debut https://t.co/uBikntlbdS https://t.co/0lmigpf7eX
The six new Bitcoin and Ethereum spot ETFs in Hong Kong saw $11 million worth of shares traded in their debut on Tuesday—a far cry from the $4.5 billion volume seen by U.S. spot Bitcoin ETF on their first day of trading in January. Read more: https://t.co/X5fPpZRqwC
Bitcoin sinks below $62,000 as the debut of crypto ETFs in Hong Kong fell short of expectations registering only $11 million in inflows. @JamieCrawleyCD and @godbole17 report for First Mover Americas. https://t.co/EQb0qfQdLt
NEW: The debut of 🇭🇰 Hong Kong's #Bitcoin ETFs fell short of expectations, trading at just 💵 $8.5M on Tuesday. https://t.co/Fxqrd1I3RH
Hong Kong: Six bitcoin and ether ETFs saw US$12 million in trading on Tuesday, compared with US$4.6 billion for US bitcoin ETFs on their first day
Hong Kong Bitcoin ETFs were predicted to have $300 million inflows on the first day. Instead they merely had $11m in total trading volume. Big talk in little China. 🤨
🇭🇰HONG KONG SPOT ETF OPENING CEREMONY 3 issuers listed 6 spot price Bitcoin and Ether exchange-traded funds in the city. https://t.co/kXnF9iptfC https://t.co/uCjCDDMuLl
Bitcoin slid 5% overnight after the Hong Kong ETF debuts largely disappointed. Only $11M in volume came in vs $125M-$200M+ expected. A huge miss... https://t.co/QFbV0RwTqT
🚨 BREAKING: Hong Kong launches the FIRST Bitcoin ETF in Asia! 🤯 A major step for crypto adoption in the region. Source: https://t.co/UhNtsWd1rE https://t.co/PKKiZInqSH
JUST IN: 🇭🇰 Bitcoin ETF listing ceremony in Hong Kong! First China ban, now taking over global markets... 🙌 https://t.co/M0Rc47jCK2
❖ CRYPTOS PLUNGE AFTER HONG KONG ETFS LAUNCH The world's leading cryptocurrencies continued their downward trend on Tuesday, with Bitcoin falling below the $62,000 mark after Hong Kong launched its first crypto exchange-traded funds (ETFs). The six Hong Kong ETFs missed market…
Hong Kong’s six new spot bitcoin and ether ETFs are launched. https://t.co/iFd1ijV38v https://t.co/izRGavd6Vw https://t.co/QDVqqvxfbQ
Hong Kong #Bitcoin ETF Launch Could Surpass U.S. Records, Says Zhu Haokang https://t.co/kCIyNWr4uM
Hong Kong ETH and Bitcoin ETF launch in 1 picture. $300 million "anticipated" volume $11 million actual volume This has got to be one of the worst predictions of all time. https://t.co/7WfwzSylTE
Hong Kong just opened six Bitcoin and Ether ETFs from three China-linked issuers https://t.co/daFu0NInVr
📊 $BTC and $ETH experienced losses following weak demand for Hong Kong ETFs, which registered a first-day trading volume of just $12 million. $W, $HNT, and $ETH are the top gainers, each up by 4%. $PENDLE, $CORE and $WIF are down by 16%, 8%, and 7% respectively. https://t.co/aE17EtVT12
Bitcoin Slips Under $62K as Hong Kong ETFs Disappoint https://t.co/TF4MEYxEVI via @coindesk
Spot crypto exchange-traded funds (ETFs) introduced on the Hong Kong stock exchange have paved the way for a future wave of Chinese investors, according to industry experts https://t.co/aMWTaoSkyv
Hong Kong's six spot bitcoin, ether ETFs see $11 million in volume on first trading day https://t.co/SsORghY4bV
Comparing the first day trading volume of ETFs in US vs HK: US - BTC only Total trading volume: $4.6b HK - BTC + ETH Total trading volume: $6.3m What a massive difference with experts claiming the HK ETFs to surpass that of the US funds 😁 Clearly reflected by the drop in… https://t.co/v4MAELaBT2
$BTC and $ETH nurse losses as Asia's first spot ETFs debut in Hong Kong with dismal trading volumes. Reports @godbole17. https://t.co/RgFGRrWq2l
Off to a slow start. $6.3 million volume on the first trading session. In contrast, US BTC ETFs traded $4.6b on day 1. https://t.co/DJALTDgovV
Hong Kong $BTC & $ETF issuer was convinced the launch would be more successful than the US launch Total trading volume for the Hong Kong #Bitcoin and #Ethereum ETFs so far was $11 million By comparison, day 1 volume of the #BTC ETFs in the US was $655 million Yikes 😬
NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 https://t.co/ux1eb5PqRn
🇭🇰 Bitcoin ETFs officially launch in Hong Kong. Dubai next? https://t.co/QRntgahnIB
Hong Kong Bitcoin and Ether ETFs have soft debut, the total trading volume hit $11 million
🇭🇰 Hong Kong #Bitcoin and Ethereum ETFs officially launched today. 🚀 https://t.co/QmViKZSlX7
$BTC and $ETH ETFs register a total volume of $11 million in Hong Kong debut. @thesamreynolds reports. https://t.co/iLdFTkk8sd
A batch of exchange-traded funds investing directly in crypto debuted in Hong Kong on Tuesday, heralding potential competition for U.S. Bitcoin products whose popularity stoked a record rally in the digital asset. https://t.co/O5xKcEyxE4
Looks like Ether ETFs have surpassed BTC ETFs in trading volume as both debut in HK.
HONG KONG'S CRYPTO ETFS DRAW STRONG INFLOWS ON DEBUT - WHAT WE KNOW - Six spot Bitcoin and Ether ETFs made their debut in Hong Kong today, managed by China Asset Management, Harvest Global, Bosera, and HashKey. - China Asset Management attracted HK$1.1 billion during the… https://t.co/gg14ZMiPBG https://t.co/ErXkHF5Hw8
BREAKING:🇭🇰 HONG KONG BECOMES FIRST IN ASIA TO LAUNCH SPOT #BITCOIN ETF https://t.co/WrorFD4lmm
UPDATE: HONG KONG'S NEWLY LAUNCHED SPOT BITCOIN ETFS SEE A SUCCESSFUL DEBUT WITH THREE BITCOIN ETFS SURGING OVER 2% BY MIDDAY
UPDATE: UPDATE: HONG KONG'S NEWLY LAUNCHED SPOT BITCOIN ETFS SEE A SUCCESSFUL DEBUT WITH THREE BITCOIN ETFS SURGING OVER 2% BY MIDDAY
Hong Kong Spot BTC & ETH ETF Launch: $142m (USD) in combined volume. BTC did 6x ETH volume. I think trading is still open so perhaps some room to grow. https://t.co/I02RT3DEmr
The Hong Kong spot $BTC & $ETH ETFs had $6.3 million in trading volume so far today Better than nothing