According to Golden Finance, the closing data of the Hong Kong stock market shows that the total trading volume of the six virtual asset ETFs listed in Hong Kong today reached 39.4548 million Hong Kong dollars, demonstrating a certain level of market activity.
Looking at the specific performance of each ETF, the ChinaAMC Bitcoin ETF (3042.HK) stood out in today’s trading, with a trading volume of 21.18 million Hong Kong dollars, accounting for more than 50% of the six ETFs. This product launched by ChinaAMC in the Hong Kong market has attracted much attention since its listing. Its trading activity has remained high, reflecting investors’ recognition of its investment strategy and underlying Bitcoin assets. The trading volume of the ChinaAMC Ethereum ETF (3046.HK) was 11.44 million Hong Kong dollars, which also attracted a large inflow and outflow of funds, demonstrating the active participation of investors in Ethereum-related investment products.
Harvest Bitcoin ETF (3439.HK) and Harvest Ether ETF (3179.HK) recorded trading volumes of HK $874,800 and HK $1.78 million respectively. Although the trading volume of these two products under Harvest International is relatively lower than that of the ChinaAMC series products today, they still occupy a certain share in the market. This reflects the influence of the Harvest brand in the virtual asset ETF field and the differentiated choices of different investors regarding the risk and return characteristics of its products.
The trading volumes of the Boshi HashKey Bitcoin ETF (3008.HK) and the Boshi HashKey Ether ETF (3009.HK) were HK $1.06 million and HK $3.12 million respectively. The two products jointly launched by Boshi Fund and HashKey Capital, through cooperation, give full play to the advantages of both sides and provide investors with unique investment targets. Today’s trading data also reflects their degree of attention in the market.
Looking back on the development history of the virtual asset ETF market in Hong Kong, April 30th of this year was an important turning point. Boshi Bitcoin (03008.HK), Boshi Ethereum (03009.HK), Harvest Bitcoin (03439.HK), Harvest Ethereum (03179.HK), ChinaAMC Bitcoin (03042.HK), and ChinaAMC Ethereum (03046.HK) were listed on the Hong Kong Stock Exchange. It marks the official entry of the first batch of virtual asset spot ETFs in Asia into the market. In the early stage of their listing, these ETFs attracted widespread attention from the market. Different products varied in terms of price performance and trading activity.
In terms of product features, these six ETFs each have their own characteristics. In terms of management fees, the annual management fee for Harvest Bitcoin and Ether Spot ETF is 0.3% of the net asset value, that for Boshi Bitcoin and Ether Spot ETF is 0.6% of the net asset value, and that for ChinaAMC Bitcoin and Ether Spot ETF is 0.99%. In terms of trading units, the minimum application for the primary market of the Bitcoin/Ether Spot ETF under Harvest International is 100,000 shares (or its multiples), and the minimum buying and selling unit in the secondary market is 100 shares. The application for the Boshi Bitcoin Spot ETF in the primary market is 50,000 shares (or its multiples), and the minimum trading unit in the secondary market is 10 shares. The application for the Ether ETF in the primary market is 100,000 shares (or its multiples), and the minimum trading unit in the secondary market is also 10 shares.
With the development of the market, some ETFs are still constantly innovating. For instance, on April 11th, the Boshi HashKey Ether ETF jointly launched by Boshi Fund (International) and HashKey Capital Limited became the first virtual asset spot ETF in the Asia-Pacific region that supports Ether staking. On April 16th, the ChinaAMC Ethereum ETF under ChinaAMC (Hong Kong) was also approved by the Hong Kong Securities and Futures Commission to provide staking services.
The trading volume data of the six Hong Kong virtual asset ETFs today reflects the continuous attention of current market investors to virtual asset investment. In the future, with the changes in the market environment, the deepening of investors’ understanding and the continuous advancement of product innovation, the Hong Kong virtual asset ETF market is expected to further develop, providing investors with more diversified investment options.
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