The recently approved Hong Kong\u00a0Bitcoin spot ETFs<\/a> began trading today, but saw relatively low volume on their first day. The Hong Kong Securities and Futures Commission (SFC) approved 6 total spot Bitcoin and Ethereum ETFs last week.<\/p>\n NEW: \ud83c\udded\ud83c\uddf0 Opening ceremony of Hong Kong spot #Bitcoin<\/a> ETFs \ud83d\udc4f pic.twitter.com\/ux1eb5PqRn<\/a><\/p>\n \u2014 Bitcoin Magazine (@BitcoinMagazine) April 30, 2024<\/a><\/p>\n The three Bitcoin ETFs that went live today include the ChinaAMC Bitcoin ETF, Harvest Bitcoin ETF, and Bosera HashKey Bitcoin ETF.\u00a0<\/p>\n Despite the excitement surrounding the launch, the total trading volume for all Hong Kong Bitcoin ETFs stood at a modest $8.5 million (HK$67 million) for the first trading day.<\/p>\n Breaking down the individual Bitcoin ETF trading volumes, the ChinaAMC Bitcoin ETF recorded highest volume of HK$37.16 million, the Harvest Bitcoin ETF saw $17.89 million, and the Bosera HashKey Bitcoin ETF witnessed HK$12.44 million in trading.\u00a0<\/p>\n The combined Bitcoin and Ethereum ETF trading volume for the day amounted to HK$87.58 million dollars ($12 million), as per data on\u00a0Hong Kong Stock Exchange<\/a>.<\/p>\n While the trading volumes may seem low compared to the U.S. spot Bitcoin ETFs, which saw a staggering $4.6 billion in trading volumes on their first day, industry experts remain optimistic about the prospects of these products in Hong Kong.\u00a0<\/p>\n