Bitcoin and Ether faced selling pressure as Hong Kong ETFs registered a first-day trading volume of only $11 million, far below the expected $100 million.
U.S.-based spot BTC ETFs saw a much higher first-day tally of $655 million, indicating strong investor interest in contrast to the slow uptake in Hong Kong.
Spot ETFs are preferred over futures-based ETFs as they provide exposure to cryptocurrencies without ownership and are free from rollover costs.
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