- Complete bitcoin holdings within the three ETFs rose 15.7% to achieve 4,500 BTC by September 2024.
- Bosera HashKey leads in AUM at $124.8 million, whereas Harvest's BitcoinSpot holdings and AUM have declined.
- Hong Kong's Bitcoin ETF market is increasing, pushed by curiosity from institutional and retail traders.
Hong Kong's Bitcoin ETF market is gaining momentum, with the mixed holdings of three main funds reaching 4,500 BTC, based on latest knowledge. ChinaAMC Bitcoin ETF (3042.HK), Harvest BitcoinSpot ETF (3439.HK) and Bosera HashKey Bitcoin ETF (3008.HK) noticed completely different developments in bitcoin holdings between April 30 and September 11, 2024.
ChinaAMC and Bosera HashKey have been steadily growing their Bitcoin reserves. ChinaAMC holdings elevated from 1,942 BTC in April to 2,328 BTC in September, whereas Bosera HashKey holdings elevated from 957 to 1,673 BTC throughout the identical interval. In distinction, Harvest BitcoinSpot noticed its holdings drop from 989 to 499 BTC.
Bosera HashKey's Bitcoin holdings noticed a major enhance on July 16, 2024, reaching a yearly excessive of two,170 BTC. Nevertheless, a correction adopted, with holdings falling to 1,632 BTC by August 22, 2024, highlighting the potential for market volatility.
Bosera HashKey at the moment leads in property underneath administration (AUM) with $124.8 million, carefully adopted by ChinaAMC with $121.3 million. BitcoinSpot's Harvest lags behind with $42.7 million, reflecting its decline in Bitcoin reserves.
General development and investor curiosity
Complete bitcoin holdings throughout all three ETFs elevated by 15.7%, from 3,888 BTC in April to 4,500 BTC in September. Complete AUM now stands at $288.8 million, indicating rising curiosity in these funding merchandise.
Whereas ChinaAMC and Bosera HashKey present development, Harvest BitcoinSpot's weaker efficiency underscores the challenges of gaining investor confidence. General, the Bitcoin ETF market in Hong Kong is increasing, with growing curiosity from each institutional and retail traders.
Additionally Learn: Hong Kong Launches Sandbox to Enhance Tokenization Adoption
Hong Kong's launch of six spot bitcoin and ether ETFs earlier this yr, a primary for the Asian nation, has established itself as a key participant within the rising digital asset market. The rising AUM and Bitcoin holdings in these ETFs additional strengthens Hong Kong's function within the international crypto house.
Disclaimer: The data supplied on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any sort. Coin Version shall not be accountable for any losses incurred on account of using mentioned content material, services or products. Readers are suggested to train warning earlier than taking any motion associated to the Firm.
