Hong Kong's Digital Asset ETFs Set New Daily Trading Volume Record, Surpassing HKD 240 Million

(Hong Kong, 6 August 2024) – On 5 August 2024, Hong Kong's spot digital asset ETFs, issued by ChinaAMC, Harvest Global Investments, and other providers, collectively surpassed HKD 240 million in total trading volume, establishing a new single-day record since their inception on 30 April.

This surge in trading activity occurred against a backdrop of global market volatility, triggered by disappointing U.S. employment data, rising unemployment rates, and escalating geopolitical tensions in the Middle East. While traditional financial markets experienced significant downturns, Hong Kong's digital asset ETFs saw a marked increase in trading volumes, with Bitcoin and Ethereum ETFs reaching unprecedented levels.

*Data as of 5 August 2024, Hong Kong time (Source: HKEX)

Notably, the spot Bitcoin and Ethereum ETFs managed by ChinaAMC and Harvest Global Investments, with OSL Digital Securities serving as the virtual asset custodian and trading partner, dominated the market. These ETFs recorded a daily trading volume of approximately HKD 196.5 million, representing nearly 82% of the total volume. The remaining two spot Bitcoin and Ethereum ETFs accounted for approximately HKD 43.45 million, or 18% of the total volume.

Further analysis of Bitcoin and Ethereum ETFs reveals:

• The three Hong Kong Bitcoin ETFs recorded a total trading volume exceeding HKD 203 million. The two ETFs under OSL's custody — ChinaAMC Bitcoin ETF (3042.HK), Harvest Bitcoin Spot ETF (3439.HK), achieved a trading volume of over HKD 173 million, accounting for more than 85% of the Bitcoin ETF market.

• The three Hong Kong Ethereum ETFs recorded a total trading volume exceeding HKD 36.46 million. The two ETFs under OSL's custody — ChinaAMC Ethereum ETF (3046.HK), Harvest Ethereum Spot ETF (3179.HK), and Bosera HashKey Ethereum ETF (3009.HK), achieved a trading volume of over HKD 23.34 million, representing more than 64% of the Ethereum ETF market.

The total assets under management (AUM) for all the Hong Kong virtual asset spot ETFs have surpassed HKD 2.157 billion. OSL maintains a significant market share under virtual asset custody, managing HKD 1.313 billion of these assets, which represents over 60% of the total AUM. This record-breaking performance underscores the growing investor interest in digital asset ETFs and highlights Hong Kong's position as an emerging hub for digital asset-based financial products.