Since their launch on April 30, Hong Kong’s spot bitcoin and ethereum exchange-traded funds (ETFs) have accumulated $1.96 billion in bitcoin and $26.74 million in ethereum.
Steady Growth for Hong Kong’s Spot Bitcoin and Ether ETFs
Over the 44 days since their introduction, Hong Kong’s spot bitcoin and ether ETFs have shown modest yet steady growth. These ETFs, managed by AMC China, Bosera & Hashkey, and Harvest, are the sole offerings of their kind in the region. AMC China leads with assets under management (AUM) of $1.07 billion in bitcoin and $18.17 million in ethereum.
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Data from sosovalue.xyz reveals that the Hong Kong ETFs currently hold approximately 2,900 BTC, valued at about $1.96 billion based on current exchange rates. This constitutes roughly 3.26% of the $60.01 billion in BTC held by U.S. spot ETFs. Significantly, Hong Kong’s spot ether ETFs are already trading, a milestone not yet reached by U.S. ETFs.
While the U.S. is still awaiting the approval of several spot ether ETFs, Hong Kong’s AMC China, Bosera & Hashkey, and Harvest have secured $26.74 million in ethereum. Since the start of trading, these Hong Kong ETFs have accumulated around 7,640 ETH.
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Despite initial expectations of significant investment from mainland Chinese investors into Hong Kong’s spot bitcoin and ether ETFs, the reality has been more moderate. Although these funds have indeed attracted considerable assets, their scale remains modest compared to their U.S. counterparts.