CandleFocus Hong Kong Bitcoin spot ETFs set new record for monthly trading volume with $154m
2024-12-02
Author: Content Editor
In November, the monthly trading volume for three Bitcoin spot exchange-traded funds (ETFs) in Hong Kong reached a record high of around $154 million. This milestone is significant considering that Hong Kong only launched Bitcoin ETFs in May 2024. The ChinaAMC Bitcoin ETF and the Harvest Bitcoin Spot ETF were the main contributors to this record-high trading volume. However, the daily trading volume for Hong Kong Bitcoin spot ETFs is still lower compared to US-based Bitcoin ETFs. The approval of Bitcoin spot ETFs in Hong Kong in April was a part of the government's effort to establish the city as a regulated center for the virtual asset industry.
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