The launch of bitcoin and ether ETFs in Hong Kong was met with underwhelming interest and the bitcoin price fell shortly afterward.
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Hong Kong Bitcoin and Ether ETFs attract over $200M on day 1
The value of the assets solicited pales in comparison to their United States counterparts, where spot Bitcoin ETFs attracted nearly $4 billion in assets under management during their first week of debut and $4.5 billion in volume on Jan. 12 alone, the first day of trading on Wall Street.