The ether (ETH) and bitcoin (BTC) exchange-traded funds (ETFs) in Hong Kong In the United States, overall trading volume reached $655 million on the first day.The price of bitcoin was close to $62,100, down more than 1%, according to data from CoinDesk Indices.
far short of initial projections and were unable to gain traction during their trading debut.The combined volume of the six listed cryptocurrency exchange-traded funds (ETFs) was $11 million, with bitcoin ETFs generating $8.5 million and ether ETFs $2.5 million.Issuers anticipated the first volume to exceed $100 million, as reported by the local media.
Since Chinese regulators are less concerned about ether being a security than their American counterparts, ether ETFs are permitted on the Hong Kong market.It will be some time before a U.S. ether ETF is listed because the Securities and Exchange Commission (SEC) has not made it clear whether or not it views ether as a security.Issuers like Evolve and Purpose Investments list ether ETFs on the Toronto Stock Exchange.
In the United States, overall trading volume reached $655 million on the first day.The price of bitcoin was close to $62,100, down more than 1%, according to data from CoinDesk Indices.