Bitcoin
Hong Kong Spot Bitcoin ETFs Saw Highest Inflows in a Month
Hong Kong’s spot Bitcoin ETFs noticed their largest influx of funds in over a month right now, highlighting rising Asian curiosity in Bitcoin funding autos.
JUST IN: ππ° Hong Kong #Bitcoin ETFs noticed $15 million in inflows right now, the very best in a month.
Slowly and steadily π pic.twitter.com/Q83tjbS0ML
β Bitcoin Journal (@BitcoinMagazine) August 22, 2024
The ChinaAMC Bitcoin ETF took in 274 Bitcoin price round $15 million on August twenty second, its largest single day of inflows since July twelfth. The opposite two Hong Kong spot Bitcoin ETFs – Bosera Hashkey and Harvest noticed no flows right now.
Hong Kong authorised its first three spot Bitcoin ETFs earlier this 12 months, following the launch of comparable merchandise within the U.S. and Europe. The ETFs enable traders to be uncovered to Bitcoin costs with out having to deal with the asset straight.
Whereas Hong Kong’s Bitcoin ETF volumes pale in comparison with these within the U.S., inflows have been steadily climbing. The ChinaAMC Bitcoin ETF is the most important of the Hong Kong merchandise, with over $141 million in internet property. Bosera Hashkey and Harvest Bitcoin ETFs have round $99 million and $30 million, respectively, underneath administration.
The overall property underneath administration throughout the three Hong Kong Spot Bitcoin ETFs is roughly 4,450 BTC price round $270 million.Β
Whereas nonetheless modest, the rising inflows point out rising bitcoin curiosity and adoption amongst Asian institutional traders. As Bitcoin matures into a longtime asset class, Asian and world traders are looking for regulated publicity by merchandise like spot ETFs.Β
-
Entertainment4 weeks ago
General Hospital Comings & Goings: Is Gladys Returning?
-
Health4 weeks ago
What You Can Do to Improve Your Circulation
-
News7 days ago
Alleged Netanyahu leak may have harmed Gaza hostage deal, says court | Benjamin Netanyahu
-
News4 weeks ago
A worker at a Crimean wildlife park has been killed by lions
-
Business4 weeks ago
Why Cheap Websites Are More Expensive Than You Think
-
News4 weeks ago
Vikings Trade to Acquire Running Back Cam Akers
-
food4 weeks ago
What Is So Special About Gourmet Pizza from Finizio’s?
-
Health3 weeks ago
What Is the Typical Process for a Person to Receive Workers Compensation After an Injury in the Workplace?