The three spot Bitcoin exchange-traded funds (ETFs) launched in Hong Kong earlier this year have collectively surpassed HK$2 billion (approximately $272 million) in assets under management. This milestone comes just months after Hong Kong approved its first spot Bitcoin ETFs, following similar moves in the United States and Europe.
While trading volumes for these Hong Kong Bitcoin ETFs have been slower than their U.S. counterparts, the steady growth in assets under management indicates a rising institutional interest in regulated Bitcoin products in Asia.
The ChinaAMC Bitcoin ETF currently holds the largest assets, with over $142 million. Bosera Hashkey’s Bitcoin ETF follows with around $99 million, and the Harvest Bitcoin ETF has approximately $31 million in holdings. Combined, these three ETFs hold around 4,450 BTC, valued at $272 million at current prices.
Industry experts believe that innovative features like the ETFs’ in-kind redemption method could attract more capital over time. Unlike U.S. ETFs, which typically offer cash-only redemptions, the Hong Kong products allow investors to redeem their shares for actual Bitcoin.
The growing popularity of these ETFs suggests that institutional investors in Asia are increasingly embracing Bitcoin as a viable asset class. If the current trend continues, Hong Kong’s spot Bitcoin ETFs could emerge as a significant regional pool of Bitcoin demand.
Other Asian countries, such as Singapore, Malaysia, and South Korea, are also exploring the launch of spot Bitcoin ETFs. This could further integrate Bitcoin into the mainstream financial landscape across the continent.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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