To counter the influence of the US-based spot Bitcoin ETFs, the Hong Kong-based spot Bitcoin ETFs are going to have to draw more retail and institutional investors for them to be highly effective.
The Hong Kong-based Bitcoin spot ETFs have reached HK$ 2 billion (around $256 million) in AUM. Hong Kong Bitcoin BTC has tickers down $64,168 On the whole, ETFs have been off to a slightly slower beginning than those in the United States.
Analyzing the SoSo Value data, three spot BTC ETFs in Hong Kong added about 247 BTC in one week to their total assets which are close to 4,450 BTC now. It currently targets the ETFs with about HK$2 of total AUM. 1 billion ($269 million).
Hong Kong Bitcoin ETFs Hit $256M AUM, But Lag Behind U.S. Spot ETFs
Grand News Network
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August 27, 2024
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