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HomeCoins NewsAltcoinChinaAMC Excel Bitcoin and Ether ETF: IOP whole $142 million

ChinaAMC Excel Bitcoin and Ether ETF: IOP whole $142 million

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  • Following the launch of spot bitcoin and ether ETFs in Hong Kong, ChinaAMC's scale IOP stands at round $142 million.
  • The IOP scale of the ChinaAMC Hong Kong Bitcoin ETF is HK$950 million and the ChinaAMC Ethereum ETF is HK$160 million immediately.
  • ChinaAMC Government Director Zhu Haokang is assured that the corporate's fund would be the largest issuer of the three by way of measurement.

Fund administration firm ChinaAMC is claimed to have reported a outstanding vary of IOPs (Preliminary Providing Durations) totaling round US$142 million. In response to China crypto reporter Colin Wu's put up X on the Wu Blockchain website, the ChinaAMC Hong Kong Bitcoin ETF's IOP scale is HK$950 million immediately, whereas the IOP scale for the ChinaAMC Ethereum ETF is HK$160 million.

With the debut of the Spot Bitcoin and Ether ETF in Hong Kong, the demand for exchange-traded funds is clear. Wu's put up highlighted that the IOP scale of the Bitcoin ETF was 6x that of the Ether ETF.

In a current interview, ChinaAMC CEO Zhu Haokang shared his bullish perception concerning the firm's ETF, saying the corporate's fund would be the largest issuer of the three by way of measurement. Commenting on the distinctiveness of the corporate's fund, Haokang added,

β€œThe primary distinction is that not like a spot ETF for US bitcoin, we have now spot and bodily subscriptions and redemptions. As well as, Huaxia's merchandise differ from the opposite two in two methods: Huaxia Fund's Hong Kong spot ETF is the one one which has counters in Hong Kong {dollars}, US {dollars} and renminbi. Second, along with listed shares, we have now unlisted shares. These are qualities the opposite two don't have.”

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Haokang additional reiterated his confidence within the preliminary itemizing scale of the Hong Kong Digital Spot Asset ETF. It stated it will high the ETF issuance scale in the USA on the primary day. Whereas the problem scale of 10 bitcoin ETF issuers within the US was $125 million, Haokang is assured that Hong Kong will surpass that scale. He assumed, “The main points will likely be revealed to everybody tomorrow morning at 9:30.”

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