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    Hong Kong-listed Bitcoin ETFs hit HK$2 billion in assets under management

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    The Three Bitcoin ETFs in Hong Kong The firm’s assets under management have exceeded HK$2 billion (about US$272 million) since its launch earlier this year.

    This achievement comes just months after Hong Kong approved The first Bitcoin exchange-traded fund, following similar moves in the US and Europe. The ETFs provide exposure to Bitcoin prices without owning Bitcoin directly.

    Although trading volumes have been slower than U.S.-based bitcoin ETFs, assets under management have been steadily rising, suggesting growing institutional appetite for regulated bitcoin products in Asia.

    ChinaAMC Bitcoin ETF Is The Largest Of Its Kind Hong Kong Bitcoin ETFswith over $142 million in net assets. Bosera Hashkey’s Bitcoin ETF comes in next with about $99 million in holdings, followed by the Harvest ETF with $31 million. Together, the three Hong Kong-based ETFs’ total Bitcoin holdings are about 4,450 BTC, worth $272 million at current prices.

    Industry watchers believe that innovations such as the redemption method in ETFs could attract more capital over time. Hong Kong products allow for in-kind redemptions using actual bitcoin, unlike U.S. ETFs that rely solely on cash.

    The growth points to increased adoption of Bitcoin by institutional investors in Asia. If interest in ETFs in Hong Kong continues at the current pace, it could emerge as a major regional hub for demand for Bitcoin.

    Other Asian countries, such as Singapore, Malaysia and South Korea, are also in the process of preparing to launch. Bitcoin ETFsThis could lead to Bitcoin being further integrated into the mainstream financial system across the continent.

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