The volume of trading suggests that investors are warming to six Hong Kong crypto ETFs. The market is still small compared to the US.In July there were no flights.
It may be small, but the Hong Kong cryptocurrency exchange is setting a record day for trading volume.
As global markets rumbled on Monday, six Hong Kong digital asset ETFs traded $30.8 million in six Hong Kong digital currency ETFs.
Their biggest day since launching the fund on April 30.
Bitcoin ETFs registered just over $26.1 million, while three Ethereum coins traded $4.7 million.
Despite the gains, trading volume fell on Tuesday, highlighting the challenges ahead for Hong Kong ETFs to sustain.
Assets under management for all virtual asset ETFs in Hong Kong total $276 million, a fraction of the volume seen in their American counterparts.
Supply
Three-point Ethereum ETFs haven’t flown since July 17 Coinglass. The latest inflow for spotbitcoin ETFs was $414,000 on July 31. Mox, a virtual bank and subsidiary of Standard Chartered, announced this week that it will offer cryptocurrency bank transfers for its customers.
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This project is part of a broader strategy to expand our crypto products, including direct sales and trade route.
The CSOP Bitcoin Futures Daily (-1x) inversion yield also saw record activity, with a daily high of $230,800 on Monday, before falling to $48,600 on Sunday.
Launched at the end of July, he launched his product using a Bitcoin variant.
“It’s been the biggest asset in the world for the last decade,” he said.
“There is no intrinsic value, the price is highly volatile and speculative, influenced by supply and demand in the market as well as market reports and winds.”.