Hong Kong’s six new spot bitcoin and ether exchange-traded funds recorded over HK$87.5 million ($11.2 million) in trading volume on their first trading day on Tuesday — a figure that pales in comparison to the $4.6 billion first-day volume for the 11 spot bitcoin ETFs in the United States in January.

China Asset Management (ChinaAMC) told The Block that its spot bitcoin ETF secured $121.7 million in assets under management (AUM) as of the end of the first trading day, while its spot ether ETF had $20.4 million in AUM.

Six spot bitcoin and ether ETFs — managed by China Asset Management, Harvest Global, Bosera, and HashKey — officially debuted in Hong Kong today.

The ChinaAMC Bitcoin ETF led in trading volume, logging HK$37.16 million on the day, according to data from the Hong Kong …