<ul><li>Hong Kong launched six virtual asset spot ETFs on April 30, initially attracting significant interest with a combined issuance scale of $248 million.</li><li>However, the subsequent market performance of these ETFs has been less than optimistic, with total assets under management reaching approximately HKD 2 billion (around USD 264 million), compared to the US market's $51.4 billion in assets under management for spot Bitcoin ETFs.</li><li>Market activity for Hong Kong's ETFs has shown signs of decline, with daily trading volumes fluctuating downward and net outflows experienced by Bitcoin and Ethereum ETFs.</li><li>The lack of staking support for the Ethereum ETF and challenges regarding fee structures in Hong Kong may be contributing factors to the underperformance of these ETFs.</li></ul>

Expert Analysis: Why Ethereum And Bitcoin ETFs Struggle To Gain Traction In Hong Kong

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