English
Arabic
Chinese (Simplified)
Indonesian
Russian
- Whole Bitcoin holdings throughout three ETFs grew by 15.7%, reaching 4,500 BTC by September 2024.
- Bosera HashKey leads in AUM at $124.8M, whereas Harvest BitcoinSpot’s holdings and AUM declined.
- Hong Kong’s Bitcoin ETF market is increasing, pushed by institutional and retail investor curiosity.
Hong Kong’s Bitcoin ETF market is gaining traction, with the mixed holdings of the three main funds reaching 4,500 BTC, based on latest knowledge. The ChinaAMC Bitcoin ETF (3042.HK), Harvest BitcoinSpot ETF (3439.HK), and Bosera HashKey Bitcoin ETF (3008.HK) have skilled various tendencies of their Bitcoin holdings between April 30 and September 11, 2024.
ChinaAMC and Bosera HashKey have steadily elevated their Bitcoin reserves. ChinaAMC’s holdings grew from 1,942 BTC in April to 2,328 BTC in September, whereas Bosera HashKey’s holdings elevated from 957 to 1,673 BTC throughout the identical interval. In distinction, Harvest BitcoinSpot noticed its holdings lower from 989 to 499 BTC.
Bosera HashKey’s Bitcoin holdings skilled a big surge on July 16, 2024, reaching a year-to-date excessive of two,170 BTC. Nonetheless, this was adopted by a correction, with holdings falling to 1,632 BTC by August 22, 2024, highlighting the potential for market volatility.
Bosera HashKey at the moment leads in property beneath administration (AUM) with $124.8 million, carefully adopted by ChinaAMC with $121.3 million. Harvest BitcoinSpot trails behind with $42.7 million, reflecting its decline in Bitcoin reserves.
General Development and Investor Curiosity
The whole Bitcoin holdings throughout all three ETFs have elevated by 15.7%, rising from 3,888 BTC in April to 4,500 BTC in September. The mixed AUM now stands at $288.8 million, suggesting a rising urge for food for these funding merchandise.
Whereas ChinaAMC and Bosera HashKey display progress, the weaker efficiency of Harvest BitcoinSpot underscores the challenges in attracting investor confidence. General, Hong Kong’s Bitcoin ETF market is increasing, with rising curiosity from each institutional and retail traders.
Learn additionally: Hong Kong Launches Sandbox to Drive Tokenization Adoption
Hong Kong’s launch of six spot Bitcoin and Ether ETFs earlier this yr, a primary for an Asian nation, has established its place as a key participant within the evolving digital asset market. The rising AUM and Bitcoin holdings in these ETFs additional solidify Hong Kong’s position within the world crypto area.
Disclaimer: The knowledge introduced on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any sort. Coin Version will not be chargeable for any losses incurred on account of the utilization of content material, merchandise, or providers talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.