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HKEX reaffirms “Chinese can not invest in Hong Kong crypto spot ETFs”

The Hong Kong Stock Exchange (HKEX) has reaffirmed its stance that “Chinese investors are not allowed to invest in Hong Kong cryptocurrency spot ETFs,” according to CoinDesk. Earlier, Harvest Global Investments, the issuer of Hong Kong's Bitcoin and Ethereum (ETH) spot ETFs, said it would explore ways to allow mainland Chinese investors to invest in crypto spot ETFs within the next two years.

In response, the market recorded net outflows. According to data from financial information platform Farside Investors, about $39.3 million in net outflows were recorded in 13 days across six Bitcoin and Ethereum spot ETFs traded on the Hong Kong Stock Exchange. This statistical data from Farside Investors is compiled from multiple sources, including ETF issuers and external data providers, and includes some estimates.

ETH spot ETF hits $9.37 billion in trading volume on second day of trading, off to a strong start, but falls short of BTC

Ethereum spot ETFs have recorded $9.37 billion in trading volume on their second day of trading. Of these, Grayscale's ETHE topped the list with $4.86 billion, accounting for about 52% of the total volume. BlackRock's ETHA followed with $255 million and Fidelity's

blockchain crypto cryptocurrency Ethereum ETF launches favorable price Shelly Young (SpotedCrypto)

Ethereum ETF launches favorable price Shelly Young comments and Grayscale's Ethereum liquidity outflow

Hany Rashwan, CEO of crypto ETP issuer 21Shares, told Bloomberg that the launch of an Ethereum spot ETF has already been partially priced in. "Global macroeconomic and summer seasonal features have also impacted the price of ETH," he said. "While Bitcoin is a digital gold hedge, Ethereum

blockchain crypto cryptocurrency ethereum Spot ETF Debuts Successfully (Spoted Crypto)

ETH Spot ETF Debuts Successfully...Sustained Success Unclear

Bloomberg reported on April 24 that "Nine U.S. ETH spot ETFs surpassed $1 billion in trading volume on their first day of trading in what could be considered a blockbuster debut. However, it's unclear if the box office record can be sustained." "The rationale

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