Bitcoin News

Hong Kong Bitcoin ETFs Accumulate $258M BTC In Debut Week

Three Hong Kong Bitcoin ETFs attract $258M in first three days after debut, signaling robust investor interest. Bitcoin's price surges by 5.75% to $63,050 showcasing market resilience.
Published by
Hong Kong Bitcoin ETFs Accumulate $258M BTC In Debut Week

Highlights

  • Three new Hong Kong Bitcoin ETFs amass an impressive $258 million in their debut week, demonstrating strong investor confidence.
  • Despite global market turbulence, Hong Kong's crypto ETF market outperforms, surpassing US Spot Bitcoin ETF flows by attracting nearly $300 million in weekly inflows.
  • Bitcoin's price surges by 5.75% to $63,050.11, highlighting market resilience amidst fluctuating conditions.

In a milestone moment for the cryptocurrency industry, Hong Kong’s debut of Bitcoin Exchange-Traded Funds (ETFs) has captured global attention with an impressive accumulation of $258 million worth of Bitcoin within the first week of trading. Led by the Huaxia Bitcoin ETF, Harvest International Bitcoin ETF, and Boshi Bitcoin ETF, these offerings have swiftly garnered investor interest, marking a significant stride in the region’s embrace of digital assets.

Advertisement

Hong Kong Bitcoin ETFs Thrive in Debut Week

In a remarkable debut, three newly introduced Bitcoin ETFs in Hong Kong have made a resounding impact by accumulating an impressive $258 million worth of Bitcoin within their first week of trading, as per data from HODL15Capital. The collective holdings of these ETFs, namely the Huaxia Bitcoin ETF, Harvest International Bitcoin ETF, and Boshi Bitcoin ETF, reached 4,218 BTC just three days after their official listing. Such rapid acquisition of cryptocurrency underscores the burgeoning interest among investors in Hong Kong towards digital assets, particularly Bitcoin.

The launch of these ETFs coincided with the introduction of Ethereum-focused offerings in the region on April 30, creating a dynamic environment for cryptocurrency trading. Market sentiment was notably buoyant, with many expressing optimism that the success of these ETFs could potentially surpass the milestones set by the $125 million US Bitcoin ETF launch. This burgeoning enthusiasm among investors signals a growing acceptance and integration of digital assets into mainstream financial markets in Hong Kong.

Also Read: 400M XRP Just Unlocked From Escrow, Is XRP Price About To Skyrocket?

Advertisement

Hong Kong Emerges as Crypto ETF Leader Amid Global Market Turmoil

Amidst the turbulence in the global digital asset ETF market, Hong Kong has emerged as an unexpected bastion of stability and growth. Despite initial challenges, the region witnessed a remarkable influx of capital, with its crypto ETF market attracting nearly $300 million in weekly inflows. This impressive performance stands in stark contrast to the US Spot Bitcoin ETF market, which experienced outflows totaling $860 million during the same period.

Hong Kong’s ascendancy as a leader in the crypto ETF space underscores the region’s growing significance in the broader cryptocurrency ecosystem. This unexpected turn of events not only highlights the resilience of Hong Kong’s financial markets but also signals a fundamental shift in the global landscape of digital assets. Asian markets, led by Hong Kong, are increasingly asserting their influence and carving out their own distinct path in this rapidly evolving sector.

Also Read: Alexander Vinnik Pleads Guilty in $9 Billion Crypto Laundering Case

Bitcoin (BTC) Price Update

Providing a snapshot of the current state of the cryptocurrency market, Bitcoin (BTC) is trading at $63,050.11, with a robust 24-hour trading volume of $29.7 billion. Over the past 24 hours, Bitcoin has experienced a notable surge of 5.75%, demonstrating the resilience and volatility characteristic of digital assets. The coin is currently fluctuating within the range of $63,422.87 to $62,678.99, with its live market capitalization standing at an impressive $1.2 trillion.

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Bitcoin Edges Higher as Fed Chair Jerome Powell Fails to Comment on Monetary Policy

The Bitcoin price is up today, after a significant drop in the last 24 hours.…

October 9, 2025
  • 24/7 Cryptocurrency News

Flare Network Surpasses $43M in Bridged XRP, Expert Predicts Breakout to New ATH

Flare Network has recorded over $43 million worth of XRP now bridged onto its blockchain.…

October 9, 2025
  • Bitcoin News

Bitcoin, Ethereum Drag Broader Crypto Market Lower Ahead of FED Powell Speech

Bitcoin and Ethereum are dragging lower amid massive volatility ahead of Fed Chair Jerome Powell's…

October 9, 2025
  • 24/7 Cryptocurrency News

Breaking: Ripple Partners With Bahrain’s Fintech Bay in Push for RLUSD Adoption

Ripple has announced a new partnership with Bahrain’s Fintech Bay (BFB). This initiative seeks to…

October 9, 2025
  • Altcoin News

XRP News: Why Whales Sold 440M Coins in a Month Despite ETF Launch Buzz

In a major XRP news today, whales are betting against XRP ETF launch anticipation and…

October 9, 2025
  • 24/7 Cryptocurrency News

Just In: DeFi Dev Corp Launches Japan’s First Solana Treasury Company, SOL Price Reacts

DeFi Dev Corp has announced the creation of Japan’s first Solana Treasury firm in partnership…

October 9, 2025