Amid the buzzing excitement following the approval of Bitcoin and Ethereum Spot Exchange-Traded Funds (ETFs) in Hong Kong, Bloomberg Intelligence analyst Eric Balchunas has made a post highlighting the explosive growth of the products in the United States.
US Bitcoin ETFs Assets Surpasses Hong Kong’s
According to Eric Balchunas, the combined asset pool held by US Spot Bitcoin ETFs is more than that of the entire Hong Kong ETF market. Bachunas’s disclosure demonstrates the enormous rise in interest in Bitcoin-related financial products among US investors.
Furthermore, it emphasizes how the public adoption of cryptocurrencies and their integration into established financial markets are growing. In the ever-evolving world of cryptocurrency, this revelation indicates a major shift in investors’ confidence and portfolio allocation techniques.
Balchunas’s report coincides with its colleague James Seyffart’s post, also underscoring the country’s dominance in the Bit
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