Hong Kong’s spot Bitcoin and Ethereum exchange-traded funds (ETFs) have shown steady growth since their launch on April 30. Managed by AMC China, Bosera & Hashkey, and Harvest, these funds have accumulated a total of $1.96 billion in Bitcoin and $26.74 million in Ethereum.
AMC China leads the pack with assets under management (AUM) of $1.07 billion in Bitcoin and $18.17 million in Ethereum. Data from sosovalue.xyz reveals that the Hong Kong ETFs currently hold around 2,900 BTC, valued at approximately $1.96 billion. This accounts for about 3.26% of the total $60.01 billion in BTC held by U.S. spot ETFs. It is worth noting that Hong Kong’s spot Ethereum ETFs are already trading, a feat that the U.S. has not yet accomplished.
While the U.S. is expected to approve multiple spot Ethereum ETFs in the near future, Hong Kong’s ETFs have managed to secure $26.74 million in Ethereum. As a result, they currently hold around 7,640 ETH since their inception 44 days ago.
Despite initial expectations of a surge in mainland Chinese investor interest in Hong Kong’s spot crypto ETFs, the reality has been more subdued. While these funds have seen significant growth, their scale is still smaller compared to their U.S. counterparts.
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