Hong Kong Bitcoin ETFs Reach HK$2 Billion in Assets Under Management

Hong Kong’s three spot Bitcoin exchange-traded funds (ETFs) have collectively amassed over HK$2 billion (approximately $272 million) in assets under management since their launch earlier this year.

This follows Hong Kong’s approval of its first spot Bitcoin ETFs, aligning with similar moves in the U.S. and Europe. 

These ETFs provide investors with exposure to Bitcoin prices without requiring direct ownership of the asset.

While trading volumes have been lower than those of U.S. Bitcoin ETFs, the assets under management have steadily increased, suggesting growing interest from institutional investors in regulated Bitcoin products in Asia.

The ChinaAMC Bitcoin ETF is the largest of the three, with over $142 million in net assets. 

Bosera Hashkey's Bitcoin ETF holds around $99 million, and the Harvest Bitcoin ETF has $31 million in assets. 

Combined, these ETFs hold approximately 4,450 Bitcoin, valued at $272 million at current market prices.

Industry analysts note that features such as the ability to redeem in actual Bitcoin, rather than just cash, may attract additional capital. This feature differentiates Hong Kong’s Bitcoin ETFs from those in the U.S.

The growth of these ETFs points to increasing institutional adoption of Bitcoin in Asia.

Other Asian countries, including Singapore, Malaysia, and South Korea, are also considering the introduction of spot Bitcoin ETFs, which could further integrate Bitcoin into mainstream finance across the continent.