Hong Kong Bitcoin, Ether ETFs attract over $200M on day 1

The amount of assets under management remains muted compared to the billions of dollars attracted by U.S. spot Bitcoin ETFs in January.

Hong Kong spot Bitcoin and Ether exchange-traded funds (ETFs) have attracted more than $200 million in total assets on their April 30 debut.

According to data provided by Arkham Intelligence, the Bosera HashKey spot Bitcoin and Ether ETFs have accumulated 964 Bitcoin (BTC) and 4,290 Ether (ETH), respectively, totaling $71.94 million in assets under management. Meanwhile, Eric Balchunas, senior ETF analyst at Bloomberg, revealed that spot Bitcoin and Ether ETFs created by ChinaAMC have amassed $123.61 million in combined assets. 

At the time of publication, the Hong Kong Stock Exchange has not updated the asset management data for the spot Bitcoin and Ether ETFs of Harvest Global, the third ETF issuer. However, the combined turnover for these two ETFs has reached $23 million.

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