Bloomberg analyst Eric Balchunas, in collaboration with analyst Rebecca Sin, has adjusted estimates for the potential assets under management (AUM) of Bitcoin and Ethereum Exchange-traded Funds (ETFs) in Hong Kong. The AUM expectation for the Hong Kong Bitcoin and Ethereum ETFs has been lowered to $1 billion.
Hong Kong Bitcoin & Ethereum ETFs Might Face China’s Regulatory Scrutiny
Balchunas shared insights indicating that mainland China investors may not be eligible to purchase these ETFs due to restrictions on virtual asset investments. Consequently, the analysts have revised the AUM target down from $25 billion to $1 billion for the first two years.
Despite the lowered projection, Balchunas still considers the $1 billion estimate for the Hong Kong Bitcoin and Ethereum ETFs as healthy. However, he emphasized that it falls significantly short of the previously speculated $25 billion mark. In addition, he noted that the speed of attaining this revised target largely hinges on impr
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