- Overall Growth of Bitcoin ETF Market
- Dynamics of Fund Holdings
- Role of Institutional and Retail Investors
Hong Kong's Bitcoin ETF market is gaining traction, with the combined holdings of the three major funds reaching 4,500 BTC, according to recent data.
Overall Growth of Bitcoin ETF Market
The Bitcoin ETF market in Hong Kong continues to grow, driven by interest from institutional and retail investors. The combined holdings of the three major funds, ChinaAMC Bitcoin ETF (3042.HK), Harvest BitcoinSpot ETF (3439.HK), and Bosera HashKey Bitcoin ETF (3008.HK), reached 4,500 BTC as of September 2024.
Dynamics of Fund Holdings
ChinaAMC and Bosera HashKey have steadily increased their Bitcoin reserves. ChinaAMC’s holdings grew from 1,942 BTC in April to 2,328 BTC in September, while Bosera HashKey’s holdings increased from 957 to 1,673 BTC during the same period. In contrast, Harvest BitcoinSpot saw its holdings decrease from 989 to 499 BTC. Notably, Bosera HashKey experienced a significant surge on July 16, 2024, reaching a year-to-date high of 2,170 BTC before correcting to 1,632 BTC.
Role of Institutional and Retail Investors
The growth of Hong Kong's Bitcoin ETF market is being driven by increasing interest from both institutional and retail investors. This is reflected in the growth of assets under management (AUM) for Bosera HashKey to $124.8 million, while Harvest BitcoinSpot funds show a decline in both Bitcoin holdings and overall AUM.
The Bitcoin ETF market in Hong Kong is showing significant expansion, supported by increasing investments from both institutional and retail participants.
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