Throughout a June 28 interview with Hong Kongs public broadcast company, Radio Tv Hong Kong, Funding Administration chief government and board member Peishan Li disclosed that digital asset ETFs listed within the particular administrative area of China have surpassed $12 billion Hong Kong {dollars} ($1.532 billion) in property beneath administration. Li famous:
In keeping with figures supplied by Li, the overall AUM of Hong Kong crypto ETFs grew by 80% in contrast with December 2022, with a each day buying and selling quantity of 1.7 billion HKD. This represents 6% of the each day buying and selling quantity of all shares on the Inventory Change of Hong Kong. The SAR beforehand allowed the itemizing of crypto ETFs in July 2022, which initially struggled to realize traction.
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