Hong Kong spot crypto ETF first-day fundraising exceeds US spot Bitcoin ETF first-day fundraising
On April 30th, Huaxia Fund (Hong Kong), Boshi Fund (International), and Jiashi International Asset's first batch of spot cryptocurrency ETFs officially landed on the Hong Kong Stock Exchange. Overall, the first batch of spot cryptocurrency ETFs had an active performance on the first day, with a trading volume exceeding HKD 87 million. Bitcoin ETFs had a rise of over 1%, outperforming Ethereum ETFs.
According to sources, Huaxia Fund (Hong Kong) had a strong issuance momentum, raising over HKD 1.1 billion for both the Huaxia Bitcoin ETF and Huaxia Ethereum ETF on the first day of issuance, exceeding the first-day fundraising scale of the US Bitcoin ETF. Together with the total fundraising amount of the other two institutions, the fundraising scale of the first batch of cryptocurrency ETFs is about HKD 2 billion.
Analysts believe that Hong Kong investors have shown a strong interest in 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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