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Hong Kong Stock Exchange: The total market value of Bitcoin and Ethereum futures ETFs reached 1.2 billion Hong Kong dollars in the first quarter, with a capital inflow of 592 million Hong Kong dollars

Hong Kong Stock Exchange: The total market value of Bitcoin and Ethereum futures ETFs reached 1.2 billion Hong Kong dollars in the first quarter, with a capital inflow of 592 million Hong Kong dollars

Bitget2024/05/06 03:47
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According to data disclosed by Brian Roberts, the head of securities product development at the Hong Kong Stock Exchange, following the approval of virtual asset futures ETFs for public sale in Hong Kong by the Securities Regulatory Commission on October 31, 2022, three virtual asset futures ETFs investing in Bitcoin and Ethereum futures were listed on the Hong Kong Stock Exchange. These ETFs have been well-received and actively traded since their launch. The average daily trading volume increased from HK$8.9 million in 2023 to HK$51.3 million in Q1 2024, attracting a capital inflow of HK$529 million as well. As of end-March 2024, total market value reached HK$1.2 billion, an annual increase of 255%.

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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