The Hong Kong stock market recorded a trading volume for virtual assets of HK$106.3 million as of August 11, 2023, highlighting the growing interest in cryptocurrency ETFs, particularly those related to Bitcoin and Ethereum.
Trading Volume of Virtual Assets
As of August 11, 2023, the trading volume for all virtual asset ETFs in Hong Kong amounted to approximately HK$106.3 million, accounting for Bitcoin and Ethereum futures-based products.
Positive Market Reactions
The surge in trading activity signifies a growing interest in virtual asset ETFs within Hong Kong's regulated market. Firms such as ChinaAMC and Harvest are leading the way by offering futures-based ETFs tied to major cryptocurrencies. Market reactions have been predominantly positive, as experts view this spike as indicative of institutional interest in virtual assets. Tom Chen, Head of ETF Trading at Harvest Global Investments, stated: "While there has been significant trading volume, it is essential to refer back to the HKEX pages for precise data characterizing daily trades."
Market Data and Future Trends
As of August 11, 2025, Bitcoin (BTC) is priced at $121,595.31, holding a market cap of $2.42 trillion and a market dominance of 59.87%. The trading volume in the past 24 hours reached $76.72 billion, marking a 24.91% increase. The Coincu research team highlights the potential technological and financial outcomes as Hong Kong solidifies its platform for virtual asset ETFs. This market positioning could drive further adoption, especially as derivatives become a significant link between digital and conventional financial systems.
The trading volume of virtual assets in Hong Kong reflects a growing interest in crypto investments and may indicate shifts in investor behavior toward more established digital products.
