The post Hong Kong Prepares For Record-Breaking Debut Of Crypto ETFs As Issuers Expect $200-$300 Million Inflow appeared first on Coinpedia Fintech News
Hong Kong prepares for the debut of its highly anticipated cryptocurrency exchange-traded funds (ETFs) tomorrow. With an inflow scale projected to reach between $200-300 million, these ETFs are expected to significantly surpass the first-day trading volumes seen in the United States.
Will Hong Kong Break US ETF Records?
According to Zhu Haokang, head of digital asset management and family wealth of China Asset Management, the trading volume of Hong Kong’s virtual asset spot ETF is set to surpass that of the United States. The inflow volume of the 10 US Bitcoin spot ETF issuers on January 10 amounted to $125 million. Hong Kong is expected to exceed this figure and emerge as the leading ETF issuer in terms of first-day trading volume with the three issuers.
HK ETF issuer disclosed projections for the issuance scale of Hon
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