Hong Kong ETFs recorded an impressive performance on the first day of trading, hitting $12.4M volume and higher AUM.
On the first day of trading, the 30th of April, Hong Kong ETFs hit a total of $12.4 million in trading volume.
Reacting to the performance, Bloomberg analyst Eric Balchunas noted that the $12.4M was significant when translated into US equivalents. Part of his post on X For Harvest, spot BTC ETF volume hit HK$17.89M as ETH ETF netted HK$4.95M. Ergo, a similar pattern was recorded across three issuers, BTC had more trading volumes than ETH.
In the meantime, the BTC price retested the range-low around $60K again. More volatility is expected because this week is action-packed.
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