The trading volume of spot BTCÐ ETFs in Hong Kong recorded 11m USD.
Congratulations 🎉 Finally, it started trading 👏 It seems that 11m USD is a soft launch. I expect time goes by, the volume will be increasing more. It's just a first day, I'm not worried about this fall. It's matter of time.
I'm looking forward to the ETH(Ethereum) price movement rather than BTC in the short-term(3m). Before the U.S. SEC(Security Exchange and Commission) approves spot ETH ETF(Exchange-Traded Fund)s in the 🇺🇸, the spot ETH ETFs in Hong Kong will be likely absorbing the liquidity of the ETH.
While the China missed the opportunity to lead spot BTC ETFs, I think they don't want to miss leading spot ETH ETFs as well.
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