May 7, 2024

Data tracked by Kaiko shows that the combined volume of Hong Kong ETFs on the first day of trading reached $12.7 million, significantly lower than the $4.6 billion scored by U.S.-based spot bitcoin ETF products.

Video transcript

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Hong Kong's Bitcoin and Ether ETF saw a soft debut with trading volume dramatically under initial expectations. According to data tracked by Kio, the combined volume of Hong Kong ETF S on the first day of trading reached $12.7 million significantly lower than the $4.6 billion scored by US based bought Bitcoin ETF products. Despite the first day of Hong Kong, ETF Skio notes that overall a pac demand for crypto exposure remains robust. According to the mandatory 13 F filings with the US SEC. It was revealed last week that a Hong Kong based asset manager is the largest holder of blackrock's IBI Fund. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.

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