Hong Kong, a special administrative region of China, has officially introduced trading for Spot Bitcoin and Ethereum ETFs. Trading commenced immediately on Tuesday, April 30, drawing the attention of cryptocurrency enthusiasts and investors from all over the world.
The decision to launch trading of these popular digital assets comes amidst the growing interest in Spot Bitcoin ETF within the investment landscape. Interestingly, both Spot Bitcoin ETFs and institutional ETFs can be accessed through ETFSwap (ETFS), a global Decentralized Finance (DeFi) trading platform. This platform allows investors from different regions, including China, to gain exposure to these digital assets for more profitable
Spot Bitcoin And Ethereum ETF Trading In Hong Kong
Hong Kong has finally launched trading on its inaugural Spot Bitcoin and Ethereum ETF, making it the first Asian region to do so. The debut comes just a few months after the United States Securities and Exchange Commission (SEC) approved Spot Bitcoin ETFs.
Hong Kong’s rollout of these crypto ETFs paled in comparison to the scale of the Spot Bitcoin ETF launch in the US, which saw over $4.6 billion on the first trading day. However, the Chinese region still accumulated a respectable $87.5 million Hong Kong Dollars (HKD), equivalent to $12 million on its first day of trading.
The crypto ETFs listed on Hong Kong’s exchange encompass six funds managed by Harvest Global Investments, Bosera Funds, and China Asset Management Limited, which now offer both Spot Bitcoin ETFs and Ethereum Spot ETFs.
Towards the conclusion of the market, Spot Bitcoin ETFs outperformed Spot Ethereum ETFs, with Bitcoin ETFs shares surging by approximately 2%, while Ethereum lost about 0.5% by the time trades had closed in Hong Kong.
Data from HKEX revealed that ChinaAMC Bitcoin ETF led in trading volume, recording over HK$22 million in the first half of the trading day. Subsequently, Harvest and Bosera Hashkey Bitcoin ETF had witnessed HK$8.11 million and HK$3.59 million, respectively.
On the other hand, ChinaAMC experienced a significant turnover with Ethereum ETFs, amassing a volume of approximately HK$10.4 million during the morning session. Whereas, Harvest and Bosera’s Ethereum ETF trading volume was HK$2.18 million and HK$1.53 million, respectively.
International Investors Gain Access To Spot ETFs Through ETFSwap (ETFS)
Growing to be one of the leading cryptocurrency and ETF trading platforms, ETFSwap (ETFS) strives to become a global hub for investors in diverse regions to gain access to institutional ETFs and the massive opportunities that come with it. This innovative platform utilizes the power of blockchain technology to make its advanced trading services possible.
ETFSwap (ETFS) allows investors to trade ETFs with cryptocurrency through tokenization. By investing in tokenized ETFs, crypto users can enjoy seamless trading solutions right on the blockchain.
The platform ensures safety, transparency, and accountability for all its users in diverse regions around the world, including China, which is steadily embracing cryptocurrencies, allowing them to take advantage of all the unique features and capabilities of ETFSwap (ETFS).
Within this burgeoning ecosystem, investors can purchase ETFS, the native token of ETFSwap, to access the platform in order to buy and trade institutional ETFs such as spot and futures cryptocurrency ETFs, leveraged ETFs, fixed-income ETFs and commodity ETFs. There are also other major benefits including up to a 10x leverage on all trades, yield earning from trading fees, staking rewards, lower fees and extra income.
When investors diversify their portfolios with the right investment assets, not only do they increase their chances of reaping substantial gains, but they also effectively manage risks that come with digital assets. Impressively, ETFSwap (ETFS) allows users to potentially bypass these risks by offering multiple ETF investment options, allowing them to freely diversify their portfolios while also gaining access to opportunities within different sectors of the world.
Moreover, the smart contracts on ETFSwap have been thoroughly audited and examined by CyberScope, a prominent cybersecurity and blockchain security firm. The audit results further confirmed ETFSwap’s reliability and integrity, as no vulnerabilities in its underlying infrastructure were detected.
Currently, ETFS tokens are sold at a modest price of $0.00854 and are being actively bought by large-scale investors from different regions. This positions it as one of the most popular low-value presale tokens in the space.
During the first presale stage, Investors can buy this token at its lower price before it rises to 0.01831 in the second presale stage. We believe that ETFS is on track to witness a major bullish rally, as more than 40 million tokens have already been sold out in just the first presale phase.
For more information about the ETFS Presale:
