Bloomberg analyst: Considering the size of Hong Kong’s cryptocurrency market compared to the United States, this trading volume does not mark Hong Ko
Zhu Haokang, a senior executive of Huaxia Fund, said in a previous interview that the first-day listing size of Hong Kong ETF will exceed the first-day size of US ETF. He is still confident in ETF, and details will be announced to everyone at 9:30 am tomorrow.
Contrary to Zhu Haokang's statement, the total trading volume of ETF on the first day was HKD 87.58 million, equivalent to USD 12 million. This number is significantly lower than the first-day trading volume of the US spot Bitcoin ETF (valued at USD 4.6 billion). However, Eric Balchunas, an ETF analyst at Bloomberg, asserted that considering the scale of Hong Kong's cryptocurrency market compared to the US, this trading volume does not signify Hong Kong's failure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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