Hong Kong Spot Bitcoin and Ethereum ETFs See $11 Million Volume in Debut

Six new spot Bitcoin and Ethereum ETFs launched in Hong Kong traded over $10 million USD on their debut, marking Hong Kong as the first Asian region to trade such ETFs. These ETFs outperformed their futures counterparts in initial trading volume, contrasting with the U.S. spot Bitcoin ETFs which saw $4.5 billion on their debut. Among the new ETFs, the Bitcoin versions performed better than the Ethereum ones, with ChinaAMC's Bitcoin ETF leading in turnover.