After Anticipation of US Regulatory Approval: Ethereum ETFs in Hong Kong experience a 18% Increase in Value

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Bitcoinist 3w ago

After Anticipation of US Regulatory Approval: Ethereum ETFs in Hong Kong experience a 18% Increase in Value - Bitcoinist

Quick Summary:

In a significant development for the recently approved Ethereum ETFs in Hong Kong, the ETF product launched by Chinese fund manager ChinaAMC has seen a significant increase in net inflows, reaching over HK$5 million (US$640,780) as of mid-day Wednesday. This surge follows a previous high of HK$3.

According to a South China Morning Post report, on Tuesday, the ETF witnessed over 1.28 million shares being traded, surpassing the average daily trading volume of around 500,000 since its launch on April 30.

Grayscale’s ETF, the Grayscale Bitcoin Trust (GBTC), had a single-day net outflow of $0.00, BlackRock’s ETF IBIT had a single-day inflow of $290 million, and the total net asset value of Bitcoin spot ETF was $58.910 billion.