Share this article
Hong Kong Bitcoin and Ether ETFs Have Soft Debut
The volume of crypto exchange-traded funds came in at just over $11 million.
Updated Apr 30, 2024, 6:33 p.m. Published Apr 30, 2024, 8:50 a.m.
- Hong Kong’s crypto ETFs had a soft debut, with trading volume much lower than expected.
- The total trading volume for bitcoin ETFs was $8.5 million, while ether ETFs saw $2.5 million.
Hong Kong’s bitcoin and ether ETFs failed to lift off on their trading debut in Hong Kong, coming dramatically under initial expectations.
The six listed crypto ETFs pushed $11 million in volume, with bitcoin ETFs posting $8.5 million in volume and ether ETFs coming in at $2.5 million. Issuers expected the initial volume to be over $100 million, according to local media reports.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Ether ETFs are allowed in Hong Kong’s market, as regulators in the Chinese territory don’t have the same concerns about ether being a security as their counterparts in the U.S.
A U.S. ether ETF won’t be listed for quite some time as the Securities and Exchange Commission (SEC) won’t clearly say if they consider ether to be a security.
Ether ETFs are also listed on the Toronto Stock Exchange via issuers such as Evolve and Purpose Investments.
On the first day in the U.S., total trading volume hit $655 million. Bitcoin was down over 1%, trading near $62,100, according to CoinDesk Indices data.
Більше для вас
Що варто знати:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out
ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
Що варто знати:
- A new proposal by Shielded Labs suggests a dynamic fee market for Zcash to address rising transaction costs and network congestion.
- The proposed system uses a median fee per action observed over the prior 50 blocks, with a priority lane for high-demand periods.
- The changes aim to maintain Zcash's privacy features while avoiding complex protocol redesigns.
Top Stories
