Hong Kong’s Bitcoin ETFs have reached a significant milestone, surpassing HK$2 billion (approximately $270 million) in assets under management.
This surge reflects a growing interest in regulated cryptocurrency investments in the region.
Notably, the ChinaAMC Bitcoin ETF saw a substantial inflow of about HK$115 million ($15 million), marking its largest single-day gain since July.
Despite this progress, Hong Kong’s ETFs still lag behind their U.S. counterparts, which attracted billions upon their launch earlier this year.
The three ETFs—managed by China Asset Management, Harvest Asset Management, and Bosera Hashkey—collectively hold around 4,450 bitcoins.
The two ETFs linked with OSL dominate the market, accounting for over 63% of total assets.
Investor confidence is evident, but the limited options available in Hong Kong compared to the U.S. market may hinder further growth.
As the cryptocurrency landscape evolves, experts suggest that Hong Kong’s unique in-kind creation model for ETFs could eventually attract more investors, enhancing the city’s position as a potential hub for digital asset investments.