Six Hong Kong Virtual Asset ETFs Trade HKD 11.26 Million Today

Ethereum has solidified its position as a frontrunner, and investors are continually seeking ways to capitalize on its potential.

The approval of Bitcoin spot ETFs in 2024 has led to a significant influx of institutional investment, amassing 1 million BTC and a net asset value of $57.2 billion by mid-June.

Spot Ethereum was approved on July 23, 2024 and ever since then, many people are investing through the ETF (Exchange Traded Funds).

Hong Kong Bitcoin ETF Trading Volume Reaches HKD 84 Million This Week, Up Over 191% From Last Week According to data from the Hong Kong Stock Exchange, the total trading volume of three Bitcoin spot ETFs in Hong Kong reached approximately HKD 84 million this week, marking a significant increase of over 191% compared to last week's HKD 28.86 million. Of this, two Bitcoin ETFs under China Asset Management and Harvest Global Investments, both custodied by OSL, recorded a weekly trading volume exceeding HKD 81 million, accounting for 96.1% of the total and representing a 244% increase from last week's HKD 23.55 million. The remaining spot Bitcoin ETF saw a weekly trading volume of around HKD 3.27 million, accounting for approximately 3.9%, which reflects a decline of over 38% from last week's HKD 5.31 million.

When it comes to investing in Bitcoin, some publicly traded companies have taken the lead with substantial investments.

The world of cryptocurrency is fueled by the unexpected. What began as a fringe interest has now captured the attention of major financial institutions, paving the way for a new chapter in the markets.

On July 22, 2024, the Securities and Futures Commission (SFC) of Hong Kong officially approved the first inverse Bitcoin and Ethereum exchange-traded fund (ETF), which will start trading on the same day.

The upcoming Solana ETF launch presents a prime opportunity for investors, with top tokens RNDR, WIF, POPCAT, and AR poised for significant growth amid rising demand.

The SEC has approved the first Ethereum exchange-traded funds (ETFs), a significant milestone for Ethereum and the broader crypto industry.

Venturing into the world of cryptocurrencies can be both exhilarating and daunting. Even for seasoned investors, the crypto market's nuances and volatility present a unique set of challenges.