Month-to-month buying and selling quantity in November for 3 Hong Kong Bitcoin spot ETFs surged to $154 million in November, setting a brand new record-high on the Hong Kong Inventory Alternate.
In line with information from the Hong Kong Inventory Alternate, the whole month-to-month buying and selling quantity for 3 Bitcoin spot ETFs in Hong Kong has reached round HKD 1.2 billion in November or equal to $154 million, setting a brand new month-to-month buying and selling quantity document.
The three foremost Hong Kong Bitcoin(BTC) spot ETFs contributing in the direction of this record-high streak are ChinaAMC Bitcoin ETF, Bosera Hashkey Bitcoin ETF, and Harvest Bitcoin Spot ETF. This milestone is especially groundbreaking, contemplating Hong Kong has solely simply launched Bitcoin ETFs in early Could 2024.
Final month, the month-to-month buying and selling quantity from ChinaAMC and Harvest Worldwide alone contributed to round 88% of the whole buying and selling fund, which was round HKD 1.06 billion ($136 million).
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Primarily based on the most recent information from the location, the largest contributor of buying and selling quantity at this time is ChinaAMC Bitcoin ETF, the Bitcoin ETF launched beneath Huaxia Fund, has seen a complete buying and selling quantity of two.02 million shares on Dec. 2. The Bitcoin ETF shares are presently buying and selling at HKD 11.89.
Harvest Bitcoin Spot ETF is available in second with a buying and selling quantity of 162,500 shares at this time, every valued at HKD 11.96.
In the meantime, Bosera Hashkey Bitcoin ETF has seen a complete quantity of 64,680 shares at this time. On the time of writing, shares issued by Bosera Asset Administration are presently buying and selling fingers at HKD 74.58.
Although, day by day buying and selling quantity for Hong Kong Bitcoin spot ETFs are nonetheless far behind U.S-based Bitcoin ETFs reminiscent of iShares Bitcoin Belief ETF and Grayscale Bitcoin Belief ETF, which have collected common volumes of 40 million shares and three.8 million shares respectively.
The Hong Kong authorities accredited of launching Bitcoin spot ETFs available on the market in April after greater than a yr of concerted efforts by Hong Kong to determine itself as a tightly regulated middle for the digital asset trade.
On Could 6, exchange-traded funds in Hong Kong recorded the primary cumulative outflow of funds.
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