During the period of December to early February, the daily trading volume of all Hong Kong crypto ETFs averaged about $1.19 million, according to a report by the Hong Kong Stock Exchange. The exchange listed two Bitcoin ETFs and an Ether ETF and was the first region in Asia to provide such access to crypto ETF products. Despite the regulatory clarity provided by the Hong Kong regulators, the numbers appear lukewarm when viewed in a global context. In contrast, Bitcoin and Ether futures and options listed on the US-based CME Group surpassed $3 billion in daily average notional value. Similarly, the ProShares Bitcoin Strategy ETF listed on NYSE Arca has an average daily volume of approximately $196 million, even though the US lacks regulatory clarity regarding crypto ETFs.
The report also noted that the Samsung Bitcoin Futures Active ETF, created by the investment management arm of the South Korean conglomerate, is designed to satisfy the needs of institutional investors who want to trade Bitcoin futures while in the Asia-Pacific time zone.