Hong Kong Set to Outpace US in First-Day Trading Volume with New Bitcoin, Ethereum ETFs

Hong Kong Set to Outpace US in First-Day Trading Volume with New Bitcoin, Ethereum ETFs



Hong Kong is poised to redefine the landscape of cryptocurrency investments with the launch of innovative Bitcoin and Ethereum exchange-traded funds (ETFs). These ETFs are scheduled to commence trading tomorrow at 9:30 a.m. EDT, and are expected to attract a first-day trading volume that surpasses that witnessed in the United States.



Zhu Haokang, the head of digital asset management and family wealth at Huaxia, expressed his confidence in the potential of these ETFs. "We anticipate that the trading volume of Hong Kong's virtual asset spot ETFs on their inaugural day will exceed that of their US counterparts," Zhu noted.



Earlier this year, the United States recorded a first-day trading volume of $125 million across various Bitcoin spot ETF issuers—a benchmark that Hong Kong aims to surpass. The new ETFs in Hong Kong distinguish t


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#BTCETF, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #HongKong, #News, #Regulations

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