Spot Bitcoin ETFs in Hong Kong have reported a daily trading volume of nearly $14.3 million, the highest since August 5, amid a broader crypto market surge.
Despite typically low trading volumes, these Hong Kong-based funds saw a notable spike last week, with over HKD 120 million ($15.4 million) in trading activity, up from HKD 80.2 million the previous week, according to data from local crypto exchange OSL.
This increase in trading volume is attributed to Bitcoin reaching new highs in recent days, coupled with positive market sentiment following the victory of President-elect Donald Trump in the U.S. election.
Leave a Reply