According to Xu Jiansheng, former chairman of the Hong Kong Computer Industry Association, Hong Kong is currently the only virtual currency financial market that operates Ethereum spot ETFs. According to the latest data, the total size of the newly issued 6 cryptocurrency spot ETFs reached 2.29 billion yuan, of which Bitcoin ETFs accounted for 85% of the total asset value and Ethereum ETFs accounted for 15%, which reflects that Bitcoin is still the dominant cryptocurrency in the market, but Ethereum also shows stable growth potential.
At the same time, the Bitcoin ETF in the US market has experienced capital outflows, which is in sharp contrast to the momentum of the Hong Kong market. In the future, Hong Kong's market position and its innovation in cryptocurrency ETFs are close, indicating that more Chinese and foreign fund companies will participate. Although China does not allow mainland residents to invest in virtual currencies in Hong Kong for the time being, it is believed that they will participate in this emerging investment sector in accordance with their "methods" and regulations. (Ming Pao)