香港比特幣 ETF：首次發行量較低，缺乏美國同業的炒作

香港新推出的比特幣和以太坊 ETF 現貨交易量慘淡，遠低於美國同業。這些 ETF 的總交易量僅為 1,120 萬美元，與美國同類 ETF 首次交易額的 46 億美元形成鮮明對比。

Hong Kong's New ETFs: Lackluster Reception and Comparison to US Counterparts

香港新ETF：反應不佳以及與美國同行的比較

Hong Kong's foray into Bitcoin and Ethereum exchange-traded funds (ETFs) has encountered a subdued response, with trading volumes falling significantly short of their US counterparts. Upon their launch, the six spot Bitcoin and Ethereum ETFs garnered a meager HK$87.5 million ($11.2 million) in trading, a stark contrast to the $4.6 billion amassed by the inaugural trading of 11 spot Bitcoin ETFs in the United States.

香港進軍比特幣和以太坊交易所交易基金（ETF）的反應不佳，交易量明顯低於美國同業。推出後，6 隻現貨比特幣和以太坊 ETF 的交易額僅為 8,750 萬港元（1,120 萬美元），與美國 11 隻現貨比特幣 ETF 首次交易的 46 億美元形成鮮明對比。

Disappointing Launch for Hong Kong's ETFs

香港 ETF 的推出令人失望

Data from the Hong Kong Stock Exchange (HKEX) paints a picture of tepid performance and interest in the six ETFs managed by China Asset Management, Harvest Global, Bosera, and HashKey. Among them, the Bosera HashKey Bitcoin ETF struggled to generate any traction, recording a meager HK$249,000 in trading volume on its first day. Similarly, the Bosera HashKey Ether ETF closed the day with a lackluster result of HK$99,000. However, the China Asset Management (CAM) Bitcoin ETF and the CAM Ether ETF fared slightly better, attracting HK$4.6 million in trading volume each.

香港聯交所（HKEX）的數據顯示，華夏基金、嘉實環球、博時基金和HashKey管理的六隻ETF的表現和興趣不溫不火。其中，Bosera HashKey 比特幣 ETF 表現不佳，首日交易量僅 249,000 港元。同樣，Bosera HashKey 以太 ETF 當天收盤表現慘淡，收在 99,000 港元。然而，華夏基金（CAM）比特幣ETF和CAM以太ETF表現稍好，各吸引了460萬港元的交易量。

Hong Kong ETFs Trail US Counterparts

香港ETF落後美國同類ETF

The overall trading volume of Hong Kong's new spot Bitcoin and Ethereum ETFs remains dwarfed by the first-day trading volume of their US counterparts. When US-based spot BTC ETFs launched in January, they raked in a colossal $655 million. Since then, nearly a dozen spot BTC ETFs have attracted close to $12 billion in investor funds. However, recent inflows have dwindled, contributing to a slowdown in Bitcoin's upward trajectory.

香港新推出的現貨比特幣和以太坊ETF的整體交易量與美國同類ETF的首日交易量相比仍然相形見絀。當美國的現貨 BTC ETF 一月推出時，它們賺得了 6.55 億美元的巨額資金。此後，近十個現貨 BTC ETF 吸引了近 120 億美元的投資者資金。然而，最近的資金流入有所減少，導致比特幣的上漲軌跡放緩。

Bitcoin Struggles Around $62,000

比特幣掙扎在 62,000 美元左右

Bitcoin's price action over the past week has been characterized by volatility. The cryptocurrency kicked off the week with a positive surge, briefly exceeding $67,000. However, it failed to sustain this upward momentum and began a downward spiral, reaching a low of $60,700 on Monday. A brief recovery to $64,800 was followed by another setback, hindering any sustained rally.

過去一周比特幣的價格走勢具有波動性。加密貨幣本週開始大幅上漲，一度突破 67,000 美元。然而，它未能維持這種上漲勢頭，並開始螺旋式下跌，週一觸及 60,700 美元的低點。短暫回升至 64,800 美元後又遭遇挫折，阻礙了任何持續的反彈。

Broader Crypto Market Impact

更廣泛的加密貨幣市場影響

Bitcoin's price downturn has reverberated across the broader crypto market, leading to a 3% decline in the total market capitalization to $2.24 trillion over the past 24 hours. As of this writing, Bitcoin is trading at $61,207, indicating a slight decrease in price over the last day. Despite the decline, trading volume has surged by 39%, reaching a market capitalization of $1.2 trillion, according to Coinpedia.

比特幣的價格下跌波及了更廣泛的加密貨幣市場，導致過去 24 小時內總市值下跌 3%，至 2.24 兆美元。截至撰寫本文時，比特幣交易價格為 61,207 美元，表明價格較前一天略有下跌。根據 Coinpedia 的數據，儘管出現下滑，但交易量仍飆升 39%，市值達到 1.2 兆美元。

Conclusion

結論

Hong Kong's spot Bitcoin and Ethereum ETFs have failed to generate the fanfare that greeted their US counterparts. The tepid interest and low trading volumes suggest that investors remain cautious about investing in these new products. With Bitcoin's price movement currently facing headwinds, it remains to be seen whether the broader crypto market can regain its upward momentum.

香港的現貨比特幣和以太坊ETF未能像美國同行那樣引起轟動。不溫不火的興趣和低交易量表明投資者對投資這些新產品仍持謹慎態度。由於比特幣的價格走勢目前面臨阻力，更廣泛的加密貨幣市場能否恢復上漲動能仍有待觀察。