Bitcoin ETF Assets Surpass Gold ETF Holdings

According to Foresight News, data from K33 Research indicates that the asset management scale (AUM) of U.S. spot and derivatives Bitcoin ETFs has surpassed $129 billion, exceeding that of gold ETFs, which stands at $128.8 billion. OSL's Chief Institutional Business Officer, Zhang Yinghua, noted that the total AUM of Hong Kong's Bitcoin spot ETFs is HKD 3.087 billion, accounting for 0.66% of the Hong Kong ETF market, valued at HKD 463 billion. OSL's partners hold over 60% of this market share. Zhang further explained that in terms of market share, the $129 billion AUM of U.S. Bitcoin ETFs represents 1.2% of its ETF market, while Hong Kong's equivalent is 0.66%. Despite the difference in absolute numbers, the proportional comparison shows no significant disparity. Since its launch on April 30, 2024, Hong Kong's Bitcoin ETF has seen a net inflow of approximately 380 BTC, with its total AUM growing by about 66%. This indicates that Hong Kong's crypto ETFs have a notable impact on the local financial market and possess significant growth potential.