Hong Kong's 6 digital asset ETFs reached a record high volume of over 240 million Hong Kong dollars yesterday.

On August 5, 2024, Huaxia Fund, ChinaAMC International, and other issuers’ total volume of 6 Hong Kong digital asset Spot ETFs surpassed HKD 240 million, setting a new daily volume record since their listing on April 30.

Against the backdrop of the far worse-than-expected US non-farm payroll data in July and the unexpected surge in unemployment rate, the war risk in the Middle East has also sharply increased. These factors have led to a ‘Black Monday’ in the global financial markets, triggering circuit breakers in the stock markets of Japan and South Korea. The digital asset market also experienced a flash crash. Meanwhile, the volume of digital asset ETFs in Hong Kong surged dramatically, with the daily volume of BTC and ETH coin ETFs increasing several times over the historical highs.

• Data as of August 5, 2024 (source: Hong Kong exchange)

Among them, Huaxia Fund and China International, with OSL Digital Securities Limited as the virtual asset custodian and trading partner, have a total daily volume of approximately 1.965 billion Hong Kong dollars for 4 spot Bitcoin and Ethereum ETFs, accounting for nearly 82% of the total, in an absolute leading position; the other 2 spot Bitcoin and Ethereum ETFs have a total daily volume of approximately 43.45 million Hong Kong dollars, accounting for about 18%.

From the perspective of the subdivision of BTC and ETH ETFs, OSL, as the custodian partner, also holds a clear lead in the relevant ETF volume: 01928374656574839201

● The total volume of these 3 Hong Kong BTC ETFs exceeds 2.03 billion Hong Kong dollars, with the volume of the ETFs - Huaxia BTC ETF (3042.HK) and CSOP BTC Spot ETF (3439.HK) custodied by OSL exceeding 1.73 billion Hong Kong dollars, accounting for over 85%.

● The total volume of the 3 Hong Kong ETH ETFs exceeds HKD 36.46 million, of which Huaxia ETH ETF (3046.HK) and ChinaAMC ETH Spot ETF (3179.HK) with OSL custody have a volume of more than HKD 23.34 million, accounting for over 64%.

In addition, from the perspective of the scale of asset management, the total scale of the 6 Hong Kong digital asset Spot ETFs has exceeded 2.157 billion Hong Kong dollars, with OSL having custody of 1.313 billion Hong Kong dollars, accounting for over 60%.