APAC Demand for Crypto Exposure Remains High Despite Hong Kong ETFs' Soft Debut | Chart of the Day

Data tracked by Kaiko shows that the combined volume of Hong Kong ETFs on the first day of trading reached $12.7 million, significantly lower than the $4.6 billion scored by U.S.-based spot bitcoin ETF products. Despite the slow first day of Hong Kong ETFs, Kaiko notes that overall APAC demand for crypto exposure remains robust, as filings with the U.S. SEC revealed that a Hong Kong-based asset manager is the largest holder of BlackRock's IBIT fund. CoinDesk's Jennifer Sanasie presents "Chart of the Day." #cryptocurrency #digitalfinance #finance #bitcoin #crypto #chartoftheday #aipac #hongkong #kaiko Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site: https://www.coindesk.com Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk/ Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.