HK$106.3 Million Trade Volume for Virtual Asset ETFs Highlights Growing Interest

Hong Kong witnessed a substantial surge in trading activity for virtual asset Exchange Traded Funds (ETFs), with HK$106.3 million traded on August 11, 2023. This noteworthy volume signifies increasing interest in cryptocurrency ETFs within the Hong Kong market, potentially reflecting a shift towards more established digital asset products. Key factors contributing to this activity include rising demand for Bitcoin and Ethereum futures-based ETFs from firms like ChinaAMC and Harvest.