Hong Kong Cryptocurrency Spot ETF Trading Volume Recently Surpasses $58 Million, Setting a New All-Time High

BlockBeats News, December 24th, according to TheBlock report, OSL General Manager Ryan Miller stated that the trading volume and inflow of funds of the Hong Kong Crypto ETF are expected to experience "significant growth." Following the successful launch of the U.S. Bitcoin Futures ETF, in April 2024, Hong Kong introduced six Bitcoin Futures and Ethereum Futures ETFs. As of December 11th, the Hong Kong Bitcoin Futures ETF had accumulated 4,560 BTC ($4.446 billion), and the Ethereum Futures ETF held 16,280 ETH ($59.6 million).

Ryan Miller pointed out that "in terms of the ratio of cryptocurrency ETFs to their respective stock markets, the performance of U.S. and Hong Kong cryptocurrency ETFs is similar. The valuation of the U.S. Crypto Futures ETF is approximately $5.47 billion, equivalent to 0.019% of the total market value of the New York Stock Exchange and Nasdaq. The market size of the Hong Kong Crypto Futures ETF is about $3.5124 billion, while the market value of the Hang Seng Index is $15.2 trillion. It is expected that the trading volume and fund inflows of Hong Kong ETFs will see 'significant growth' in the coming year. On December 6th, the total trading volume of the Hong Kong Crypto Futures ETF exceeded $58 million, reaching a historic high. Since Trump's re-election as U.S. President, the average trading volume has increased. With ongoing regulatory support and growing investor interest, Hong Kong's cryptocurrency ETFs are in a favorable position to thrive in the ever-changing global cryptocurrency landscape."