Six new Bitcoin and Ethereum exchange-traded funds (ETFs) debuted in Hong Kong with trading volume of HK$87.5 million ($11.2 million), significantly lower than the 11 US Bitcoin ETFs that reached $4.6 billion in trading volume.
Bitcoin price fell below $61,000, down 2.3% over the past 24 hours and down 8% over the week.
Data from the Hong Kong Stock Exchange (HKEX) shows that interest in six Bitcoin and Ethereum ETFs managed by China Asset Management, Harvest Global, Bosera and HashKey was relatively low.
Despite the introduction of Bitcoin and Ethereum ETFs in Hong Kong, the overall sentiment in the cryptocurrency market remains negative. Likely influenced by disappointing data from Asia, BTC reacted negatively and fell below $61,000 for the first time in 11 days.