Bell Ringing at the IPO! Huaxia, Bosera, and Harvest Bitcoin Spot ETFs Debut on the Exchange - "Non-Hong Kong Residents Can Trade"

Bitcoin's sluggishness persists as the cryptocurrency continues to oscillate around $63,600. Bosera HashKey, Huaxia, and Harvest launched six virtual asset spot ETFs on the Hong Kong Stock Exchange, which are now open for trading. In just one hour, Huaxia Bitcoin ETF trading volume has nearly reached HK$16 million.

Throughout the trading session, all six virtual asset spot ETFs from Huaxia, Bosera HashKey, and Harvest fell below their initial offering prices. The current price of Huaxia Bitcoin ETF (3042.HK) is HK$8, with an opening price of HK$8.08; Huaxia Ethereum ETF (3046.HK) is priced at HK$7.835, down from an opening price of HK$7.95; and Harvest Bitcoin Spot ETF (3439.HK) is at HK$8.03, down from HK$8.115.

Harvest Ethereum Spot ETF (3179.HK) is currently priced at HK$7.85, with an opening price of HK$7.97; Bosera HashKey Bitcoin ETF (3008.HK) is trading at HK$49.86, down from HK$50.54; and Bosera HashKey Ethereum ETF (3009.HK) is at HK$24.9, down from HK$25.34.

Brokerage apps such as Futu NiuNiu and Tonghua Shun report that the trading volume of the Huaxia Bitcoin ETF, launched on the Hong Kong Stock Exchange in collaboration with partners including OSL Exchange, has reached nearly HK$16 million, with a transaction value of HK$15.89 million.

Discussing the differences between the American and Hong Kong Bitcoin spot ETFs, Hashkey noted that one of the main features of the Hong Kong ETFs is their introduction of a physical subscription mechanism, allowing investors to directly subscribe to ETF shares with Bitcoin and Ethereum. Investors can buy ETF units using Bitcoin or Ethereum and then sell them for cash, and vice versa, thus providing seamless two-way investment flexibility.

HashKey Capital CEO, Deng Chao, stated: “The launch of Bosera HashKey Bitcoin and Ethereum spot ETFs marks a significant leap forward in the democratization of cryptocurrencies.”

He continued: “These innovative ETFs not only provide investors with an easy entry point but also highlight our commitment to driving innovation in the virtual asset ecosystem.”

Importantly, non-Hong Kong residents who meet local regulatory requirements, such as passing client due diligence, can also subscribe to or purchase ETF units.

Interactive Brokers has announced the launch of Bitcoin and Ethereum spot ETFs on the Hong Kong Stock Exchange. Qualified clients of Interactive Brokers Hong Kong can now trade the new Bitcoin and Ethereum spot ETFs, as well as stocks, options, futures, currencies, bonds, and funds, through a unified platform.

Source: PaNewsLab

Clients can purchase Bitcoin and Ethereum spot ETFs through their IBKR brokerage accounts, easily adding cryptocurrency exposure to their investment portfolios without the need to directly own digital assets.