OSL executives: Hong Kong spot cryptocurrency ETFs may achieve substantial growth by 2025

Odaily Odaily OSL Managing Director Ryan Miller said that the trading volume and capital inflows of Hong Kong crypto ETFs are expected to see "substantial growth" in 2025, as positive global and local sentiment will make these funds more active. Following the successful launch of the US Bitcoin spot ETF, six Bitcoin spot and Ethereum spot ETFs were launched in Hong Kong in April 2024. As of December 11, the Hong Kong Bitcoin spot ETF has accumulated 4,560 BTC (US$444.6 million) and the Ethereum spot ETF holds 16,280 ETH (US$59.6 million). In terms of the ratio of crypto ETFs to their respective stock markets, the performance of US and Hong Kong crypto ETFs is similar. It is expected that the trading volume and capital inflows of Hong Kong ETFs will "grow significantly" in the next year. On December 6, the total trading volume of Hong Kong crypto spot ETFs exceeded US$58 million, a record high. (TheBlock)