BlockBeats news, on December 24th, according to TheBlock, OSL General Manager Ryan Miller stated that he expects a "significant increase" in trading volume and capital inflows for Hong Kong crypto ETFs. Following the successful launch of Bitcoin spot ETFs in the United States, six Bitcoin spot and Ethereum spot ETFs were launched in Hong Kong in April 2024. As of December 11th, the Hong Kong Bitcoin spot ETF has accumulated 4560 BTC ($444.6 million), while the Ethereum spot ETF holds 16280 ETH ($59.6 million). Ryan Miller pointed out that "in terms of the ratio of cryptocurrency ETFs to their respective stock markets, the performance of cryptocurrency ETFs in the United States and Hong Kong is similar. The valuation of US cryptocurrency spot ETFs is about $5.47 billion, equivalent to 0.019% of the total market value of the New York Stock Exchange and Nasdaq, the market size of Hong Kong cryptocurrency spot ETFs is about $351.4 million, and the market value of the Hang Seng Index is $1.52 trillion. It is expected that the trading volume and capital inflow of Hong Kong ETFs will" significantly increase "in the next year. On December 6th, the total trading volume of Hong Kong cryptocurrency spot ETFs exceeded $58 million, setting a new historical high. Since Trump's re-election as the President of the United States, the average trading volume has increased. With continuous regulatory support and growing investor interest, Hong Kong's cryptocurrency ETFs are in a favorable position to thrive in the ever-changing global cryptocurrency landscape
