Low Trading Volumes in Hong Kong’s ETFs: A Missed Opportunity for Crypto Investors? (BTC, ETH)
Release: 2024/05/06 01:20 Reading: 556
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Hong Kong’s recently launched Bitcoin ETFs have recorded lower trading volumes in their first four days of trading.
The Bitcoin ETFs marked a trading volume of $5.5 million on Friday, a significant drop from the first day.
The bearish trend of Bitcoin is cited as a major factor in the ETFs’ failure to attract investors.
Hong Kong’s newly launched Bitcoin ETFs struggle to attract investors amidst declining Bitcoin prices, recording lower trading volumes in their initial trading days.
Low Trading Volumes for Hong Kong’s Bitcoin ETFs
Hong Kong’s Bitcoin and Ether ETFs, launched on April 30, have experienced lower trading volumes in their initial four days. Despite the Securities and Futures Commission’s (SFC) approval and the launch of six Bitcoin and Ether ETFs by asset managers China Asset Management, Harvest Global, Bosera, and HashKey, the ETFs have failed to attract significant investor interest.
Bitcoin’s Bearish Trend Impacts ETF Market
The bearish trend of Bitcoin, which has lost nearly a tenth of its value in the past month, is a significant facto... Read the full article for FREE at COINOTAG!
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