The post Hong Kong Bitcoin spot ETFs set new record for monthly trading volume with $154m appeared on BitcoinEthereumNews.com.

Monthly trading volume in November for three Hong Kong Bitcoin spot ETFs surged to $154 million in November, setting a new record-high on the Hong Kong Stock Exchange. According to data from the Hong Kong Stock Exchange, the total monthly trading volume for three Bitcoin spot ETFs in Hong Kong has reached around HKD 1.2 billion in November or equal to $154 million, setting a new monthly trading volume record. The three main Hong Kong Bitcoin(BTC) spot ETFs contributing towards this record-high streak are ChinaAMC Bitcoin ETF, Bosera Hashkey Bitcoin ETF, and Harvest Bitcoin Spot ETF. This milestone is particularly groundbreaking, considering Hong Kong has only just launched Bitcoin ETFs in early May 2024. Last month, the monthly trading volume from ChinaAMC and Harvest International alone contributed to around 88% of the total trading fund, which was around HKD 1.06 billion ($136 million). Based on the latest data from the site, the biggest contributor of trading volume today is ChinaAMC Bitcoin ETF, the Bitcoin ETF launched under Huaxia Fund, has seen a total trading volume of 2.02 million shares on Dec. 2. The Bitcoin ETF shares are currently trading at HKD 11.89. Harvest Bitcoin Spot ETF comes in second with a trading volume of 162,500 shares today, each valued at HKD 11.96. Meanwhile, Bosera Hashkey Bitcoin ETF has seen a total volume of 64,680 shares today. At the time of writing, shares issued by Bosera Asset Management are currently trading hands at HKD 74.58. Though, daily trading volume for Hong Kong Bitcoin spot ETFs are still far behind U.S-based Bitcoin ETFs such as iShares Bitcoin Trust ETF and Grayscale Bitcoin Trust ETF, which have accumulated average volumes of 40 million shares and 3.8 million shares respectively. The Hong Kong government approved of launching Bitcoin spot ETFs on the market in…

---

Filed under: News - @ December 2, 2024 11:26 am