Hong Kong Virtual Asset ETFs Record HK$45.24 Million Daily Turnover
On September 17, Hong Kong-listed Bitcoin and Ethereum ETFs from HuaXia, Harvest, and Bosera registered nearly HK$58 million in combined trades, reflecting sustained investor activity across multiple currency counters.
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Fact Check
Source 3 (SoSoValue), a cryptocurrency data platform, directly corroborates the statement, reporting that the daily trading volume for Hong Kong's virtual asset ETFs was approximately HK$45.24 million on a recent day. While other sources indicate that daily turnover has been much higher on other occasions (e.g., HK$87.5 million on the first day of trading and over HK$203 million on a record day in August), the evidence confirms that the stated figure of HK$45.24 million was indeed recorded as a daily turnover amount.
Summary
On September 17, Hong Kong-listed virtual asset ETFs recorded a total trading volume of approximately HK$57.70 million. HuaXia Bitcoin ETF led with HK$19.10 million, followed by HuaXia Ethereum ETF at HK$16.03 million. Bosera’s Bitcoin ETF posted HK$11.83 million and Bosera Ethereum ETF HK$3.59 million, while Harvest’s Bitcoin and Ethereum ETFs recorded HK$6.53 million and HK$0.63 million respectively. Most ETFs traded in both HKD and USD, with HuaXia also offering RMB counters.
Terms & Concepts
- Virtual Asset ETF: An exchange-traded fund that tracks the performance of digital assets like Bitcoin or Ethereum, allowing investors indirect exposure to cryptocurrencies.
- Bitcoin ETF: An ETF designed to follow the market price of Bitcoin, enabling investors to access Bitcoin exposure through traditional stock exchanges.
- Ethereum ETF: An ETF that provides investors with exposure to Ethereum’s market performance without requiring direct ownership of the cryptocurrency.