{"id":7927,"date":"2024-04-30T18:06:11","date_gmt":"2024-04-30T18:06:11","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=7927"},"modified":"2024-04-30T16:06:27","modified_gmt":"2024-04-30T16:06:27","slug":"hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/","title":{"rendered":"Hong Kong’s Bitcoin and Ether ETFs Fail to Meet Expectations"},"content":{"rendered":"\n

Asia’s first exchange-traded funds (ETFs) for bitcoin and ether launched in Hong Kong but garnered underwhelming trading volumes, signaling a tepid reception among investors. This lukewarm start impacted cryptocurrency prices, contributing to a noticeable dip in both bitcoin and ether during European trading hours.<\/p>\n\n\n\n

Disappointing Debut<\/h3>\n\n\n\n

The six ETFs, which began trading on Tuesday, collectively achieved a trading volume of just $11 million\u2014significantly below the anticipated $100 million. Of this, bitcoin ETFs accounted for $8.5 million, with ether ETFs making up the remainder. This performance pales in comparison to the U.S. market, where spot BTC ETFs had a first-day trading volume of $655 million and have since attracted nearly $12 billion in investments.<\/p>\n\n\n\n

Also Read: Jailed Binance Exec\u2019s Bail Hearing in Nigeria Delayed Until May 17<\/a><\/p>\n\n\n\n

Following the announcement of the trading volumes, bitcoin’s value dropped nearly 2% in just one hour, falling from $63,300 to below $61,000. Ether experienced a similar fate, decreasing by 2.8% to $3,066. These declines reflect the market’s reaction to the disappointing uptake of the newly listed ETFs in Hong Kong.<\/p>\n\n\n\n

Spot vs. Futures ETFs<\/h4>\n\n\n\n

Spot ETFs, like those launched in Hong Kong, allow investors direct exposure to cryptocurrencies without owning the actual assets. They are generally preferred over futures-based ETFs, which incur rollover costs. However, the initial reception of these spot ETFs in Hong Kong suggests a cautious or hesitant approach from investors in Asia compared to their U.S. counterparts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Asia’s first exchange-traded funds (ETFs) for bitcoin and ether launched in Hong Kong but garnered underwhelming trading volumes, signaling a tepid reception among investors. This lukewarm start impacted cryptocurrency prices, contributing to a noticeable dip in both bitcoin and ether during European trading hours. Disappointing Debut The six ETFs, which began trading on Tuesday, collectively […]<\/p>\n","protected":false},"author":10,"featured_media":7929,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[257,258,43],"tags":[],"class_list":{"0":"post-7927","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-ethereum","9":"category-general-news"},"acf":[],"yoast_head":"\nHong Kong's Bitcoin and Ether ETFs Fail to Meet Expectations<\/title>\n<meta name=\"description\" content=\"Asia's first exchange-traded funds (ETFs) for bitcoin and ether launched in Hong Kong but garnered underwhelming trading volumes, signaling a tepid\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hong Kong's Bitcoin and Ether ETFs Fail to Meet Expectations\" \/>\n<meta property=\"og:description\" content=\"Asia's first exchange-traded funds (ETFs) for bitcoin and ether launched in Hong Kong but garnered underwhelming trading volumes, signaling a tepid\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-30T18:06:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/ETFs-in-Hong-Kong.webp?fit=800%2C450&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Ayushi Somani\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ayushi Somani\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/\"},\"author\":{\"name\":\"Ayushi Somani\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930\"},\"headline\":\"Hong Kong’s Bitcoin and Ether ETFs Fail to Meet Expectations\",\"datePublished\":\"2024-04-30T18:06:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/\"},\"wordCount\":243,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/ETFs-in-Hong-Kong.webp\",\"articleSection\":[\"Bitcoin\",\"Ethereum\",\"General News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/\",\"name\":\"Hong Kong's Bitcoin and Ether ETFs Fail to Meet Expectations\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/ETFs-in-Hong-Kong.webp\",\"datePublished\":\"2024-04-30T18:06:11+00:00\",\"description\":\"Asia's first exchange-traded funds (ETFs) for bitcoin and ether launched in Hong Kong but garnered underwhelming trading volumes, signaling a tepid\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#primaryimage\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/ETFs-in-Hong-Kong.webp\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/ETFs-in-Hong-Kong.webp\",\"width\":800,\"height\":450,\"caption\":\"ETFs in Hong Kong\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cryptometer.io\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hong Kong’s Bitcoin and Ether ETFs Fail to Meet Expectations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"name\":\"CryptoMeter.io\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"alternateName\":\"CryptoMeter.io\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\",\"name\":\"CryptoMeter.io\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"width\":512,\"height\":512,\"caption\":\"CryptoMeter.io\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CryptoMeterIO\"],\"publishingPrinciples\":\"https:\/\/www.cryptometer.io\/news\/about-us\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930\",\"name\":\"Ayushi Somani\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png\",\"caption\":\"Ayushi Somani\"},\"description\":\"Ayushi Somani is an academically gifted individual who has a passion for blockchain technology. She is well-versed in the technology, having been an early adopter of cryptocurrency and investing in Bitcoin and several other digital currencies.\",\"url\":\"https:\/\/www.cryptometer.io\/news\/author\/ayushi\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hong Kong's Bitcoin and Ether ETFs Fail to Meet Expectations","description":"Asia's first exchange-traded funds (ETFs) for bitcoin and ether launched in Hong Kong but garnered underwhelming trading volumes, signaling a tepid","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/","og_locale":"en_US","og_type":"article","og_title":"Hong Kong's Bitcoin and Ether ETFs Fail to Meet Expectations","og_description":"Asia's first exchange-traded funds (ETFs) for bitcoin and ether launched in Hong Kong but garnered underwhelming trading volumes, signaling a tepid","og_url":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/","og_site_name":"CryptoMeter.io","article_published_time":"2024-04-30T18:06:11+00:00","og_image":[{"width":800,"height":450,"url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/ETFs-in-Hong-Kong.webp?fit=800%2C450&ssl=1","type":"image\/webp"}],"author":"Ayushi Somani","twitter_card":"summary_large_image","twitter_creator":"@CryptoMeterIO","twitter_site":"@CryptoMeterIO","twitter_misc":{"Written by":"Ayushi Somani","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#article","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/"},"author":{"name":"Ayushi Somani","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930"},"headline":"Hong Kong’s Bitcoin and Ether ETFs Fail to Meet Expectations","datePublished":"2024-04-30T18:06:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/"},"wordCount":243,"publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/ETFs-in-Hong-Kong.webp","articleSection":["Bitcoin","Ethereum","General News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/","url":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/","name":"Hong Kong's Bitcoin and Ether ETFs Fail to Meet Expectations","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#primaryimage"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/ETFs-in-Hong-Kong.webp","datePublished":"2024-04-30T18:06:11+00:00","description":"Asia's first exchange-traded funds (ETFs) for bitcoin and ether launched in Hong Kong but garnered underwhelming trading volumes, signaling a tepid","breadcrumb":{"@id":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#primaryimage","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/ETFs-in-Hong-Kong.webp","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/ETFs-in-Hong-Kong.webp","width":800,"height":450,"caption":"ETFs in Hong Kong"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cryptometer.io\/news\/hong-kongs-bitcoin-and-ether-etfs-fail-to-meet-expectations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cryptometer.io\/news\/"},{"@type":"ListItem","position":2,"name":"Hong Kong’s Bitcoin and Ether ETFs Fail to Meet Expectations"}]},{"@type":"WebSite","@id":"https:\/\/www.cryptometer.io\/news\/#website","url":"https:\/\/www.cryptometer.io\/news\/","name":"CryptoMeter.io","description":"","publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"alternateName":"CryptoMeter.io","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cryptometer.io\/news\/#organization","name":"CryptoMeter.io","url":"https:\/\/www.cryptometer.io\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","width":512,"height":512,"caption":"CryptoMeter.io"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/CryptoMeterIO"],"publishingPrinciples":"https:\/\/www.cryptometer.io\/news\/about-us\/"},{"@type":"Person","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/c5a4aeb0d5007ab0f90c54fa632ed930","name":"Ayushi Somani","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-aayushi-96x96.png","caption":"Ayushi Somani"},"description":"Ayushi Somani is an academically gifted individual who has a passion for blockchain technology. She is well-versed in the technology, having been an early adopter of cryptocurrency and investing in Bitcoin and several other digital currencies.","url":"https:\/\/www.cryptometer.io\/news\/author\/ayushi\/"}]}},"jetpack_featured_media_url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/ETFs-in-Hong-Kong.webp","_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/7927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=7927"}],"version-history":[{"count":2,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/7927\/revisions"}],"predecessor-version":[{"id":7950,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/7927\/revisions\/7950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/7929"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=7927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=7927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=7927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}