China and the United States are both developing cryptocurrency ETFs, so other major countries must not just watch and compete, and they must also compete to get a piece of the pie! Sure enough, today the statistical analysis report of professional institutions came out! The global ETF bull market is unstoppable, and the millions of bitcoins circulating in the market are not enough for everyone to share! Here is a piece of advice for everyone, be sure to hold on to the BTC in your hand!

Report: Global competition for cryptocurrency spot ETFs heats up, and demand in the Asia-Pacific region is strong

According to the latest report released by Kaiko, competition for cryptocurrency spot ETFs is heating up around the world. Last week, three asset management companies, Bosera, Harvest and Huaxia, launched Bitcoin and Ethereum spot ETFs in Hong Kong, China.

The total trading volume of Hong Kong's cryptocurrency spot ETF on the first day was US$12.7 million, which is significantly lower than the US$4.6 billion trading volume of the US Bitcoin spot ETF on the day of its listing. However, it should be noted that the Hong Kong ETF market is many times smaller than the US market.

In addition, although Huaxia Bitcoin ETF charges a fee of 99 basis points, it has the strongest trading volume. Its Ethereum ETF attracted 23% of total first-day volume, while its Bitcoin ETF accounted for 77%.

Overall, demand for cryptocurrency ETFs in the Asia-Pacific region appears strong. Hong Kong-based asset manager Yong Rong holds more than 1 million BlackRock IBITs, making it one of the largest assets in its portfolio, according to the first batch of mandatory 13F filings with the U.S. SEC disclosed last week. $BTC #AI板块强势进击 #美联储何时降息？ #美国4月非农就业人口增加不及预期 #5月市场关键事件