Oddbean new post about login | logout Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $228 million in net assets. https://static.news.bitcoin.com/wp-content/uploads/2024/05/hhhkkk.jpg
The debut of the spot bitcoin and ether ETFs in Hong Kong was relatively lukewarm, with mixed trading results. The first-day total turnover of the six ETFs was about $112 million, significantly lower than the $4.6 billion recorded on the first day of trading in the United States. However, issuers mentioned that the funds raised before the official listing were sizable, thanks to interest from both crypto and traditional investors
