Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
The listing of spot ETFs in Hong Kong has not had a significant impact on futures ETFs

The listing of spot ETFs in Hong Kong has not had a significant impact on futures ETFs

CointimeCointime2024/05/12 23:31
By:Cointime

After the launch of a total of 6 Bitcoin and Ethereum spot ETFs at the end of last month in the Hong Kong market, including the existing 3 futures ETFs, there are currently a total of 9, making it the most in Asia. Earlier opinions suggested that spot ETFs, as competitive products of futures ETFs, combined with low management fees, may lead to some funds flowing out of futures ETFs. However, looking at recent daily average transaction volume or fund flows, the launch of spot ETFs has not caused significant impact on futures ETFs. At the same time, the trading activity of Bitcoin-related ETFs is significantly better than that of Ethereum-related ETFs.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Analysis Firm Says Bitcoin Rally Has Slowed Down, Points to This Level for Bottom!

Bravo Research analysts have claimed that the Bitcoin rally could lose momentum in early 2025.

Bitcoinsistemi2025/01/03 21:22

Bankrupt Cryptocurrency Whale Still Won’t Give Up: It Increased its Position Even More

According to Onchain data, a crypto whale is adding to his position despite incurring a large loss.

Bitcoinsistemi2025/01/03 21:22