Hong Kong has made a stunning entry into the cryptocurrency investment scene with the launch of its Bitcoin and Ether exchange-traded funds (ETFs), amassing over $200 million in assets on their very first day, April 30. The Bosera HashKey Bitcoin and Ether spot ETFs gathered significant attention, securing 964 Bitcoin and 4,290 Ether, which combined are worth approximately $71.94 million. Meanwhile, ChinaAMC's ETFs did not lag behind, attracting $123.61 million.

While the Hong Kong Stock Exchange has yet to release updated data for the Harvest Global's ETFs, the day's total turnover reached a notable $23 million. However, these numbers still fall short of the United States’ market performance, where Bitcoin spot ETFs attracted nearly $4 billion in their first week.

Eric Balchunas of Bloomberg pointed out the significant local impact, noting that ChinaAMC’s Bitcoin ETF ranked sixth among the 82 ETFs launched in Hong Kong over the past three years. This places it in the top 20% in terms of initial uptake.

Adding to the attractiveness, the Hong Kong crypto ETFs offer a unique feature allowing investors to directly subscribe using Bitcoin and Ether—options not available in the U.S. market. Furthermore, according to a survey by the OSL crypto exchange, a staggering 76.9% of crypto-aware residents plan to invest in these new ETFs, underscoring the strong regional interest and potential growth in digital assets.

Despite the excitement, these ETFs are currently available only to Hong Kong's 6.4 million adult residents, excluding over a billion potential Mainland Chinese investors due to regulatory restrictions.