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Hong Kong’s spot Bitcoin ETFs notched nearly $14.3 million in trading volume on Monday, making waves with their biggest single-day turnover since August 5. The spike comes in a week when Bitcoin rallied, and pro-crypto vibes emerged post-Trump’s election win, sparking a buzz among both institutional and retail traders.

Surging Inflows Point to Renewed Bitcoin Appetite

While Bitcoin ETFs in Hong Kong usually operate in the slow lane, last week told a different story. The three ETFs reported a combined trading volume of over HK$120 million ($15.4 million), up from the HK$80.2 million the week before, per OSL data from the Hong Kong Stock Exchange. On Monday alone, the three funds saw a hefty 37.77 BTC ($3.3 million) in fresh inflows, marking the highest daily intake since August 22.

Among them, the China AMC Bitcoin ETF stood out as the only one with positive inflows, pulling in 47.75 BTC. But Bosera HashKey’s Bitcoin ETF recorded outflows of 9.97 BTC, while Harvest’s ETF saw zero change in its holdings. The action tells a clear story: investors are betting on the flagship crypto to soar, especially with Trump’s pro-Bitcoin sentiment in the spotlight.

Trump’s Win Sparks Pro-Bitcoin Hopes in Asia

Trump’s win has sent a fresh wave of optimism across crypto sectors, with traders speculating on more pro-Bitcoin policies in the pipeline. The sentiment even reached OSL’s trading desk, where Alex Tseng, head of sales trading, noted “a significant uptick in inflows” of Hong Kong’s Bitcoin and Ethereum ETFs. He explained, “This surge in trading activities reflects heightened market sentiment, as traders seek to capitalize on favorable conditions stemming from political developments and clarity following the U.S. elections.”

Meanwhile, HashKey Group’s Jeffrey Ding called Trump “the most bitcoin-friendly president” yet, pointing to Trump’s promises to include Bitcoin in the government reserves and create a presidential advisory council. Ding believes such moves “will create a more favorable market environment for bitcoin, expanding its potential for growth.”

U.S. Bitcoin ETFs See Major Inflows

Across the Pacific, Bitcoin ETFs in the U.S. are riding their own wave, with net inflows hitting $1.1 billion on Monday. This marks the second time these U.S. ETFs have brought in over $1 billion in a single day, following a similar influx of $1.38 billion last week on November 7.