Hong Kong's three Ethereum spot ETFs surged today, possibly due to the US SEC's expected approval of similar products
Disclosed by the South China Morning Post, the price of Hong Kong Ethereum ETF has collectively surged today due to the expectation of similar crypto products being approved by the US Securities and Exchange Commission. As of Wednesday noon, the net inflow of Huaxia Fund (Hong Kong) Ethereum ETF exceeded HKD 5 million, the largest net inflow since its launch. Data from the Hong Kong Stock Exchange shows that the prices of three spot Ethereum ETFs rose more than 18% on Tuesday, and the trading volume of Huaxia Fund (Hong Kong) Ethereum ETF exceeded 1.28 million shares on Tuesday. The trading volume of two other spot Ethereum ETFs issued by CSOP and Bosera HashKey this week was also higher than usual. However, it should be noted that although Hong Kong spot crypto ETFs are regarded as an important step for Hong Kong to become a virtual asset center, their trading volume has remained relatively low for most of the time since their launch.
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