The post Hong Kong’s Bitcoin ETF Launch Raises Questions As Analyst Predicts Limited Inflows, Capped At $500 Million appeared first on Coinpedia Fintech News
Hong Kong has granted conditional approvals to asset managers to initiate spot Bitcoin and Ether exchange-traded funds, announced the firms. Following the approval, several analysts are debating the potential inflow volume of the ETF and whether it might surpass US ETF volume. However, a prominent Bloomberg analyst predicts that the ETF volume will not exceed $500 million.
Not Much Inflow In HK
Eric Balchunas, Bloomberg’s ETF strategist, shared a conservative viewpoint on the expected inflows into Bitcoin ETFs in Hong Kong. Opposite to the high expectations of $25 billion, Balchunas estimates the potential inflows might only reach around $500 million.
He explained that the Hong Kong ETF market is relatively small in size, holding about $50 billion in assets, and restrictions might limit access for local Chinese in
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