Bloomberg analysts have revised previous inflow predictions for Hong Kong’s newly approved Bitcoin and Ethereum exchange-traded funds (ETFs) to $1 billion within the first two years.
Bloomberg senior ETF analyst Eric Balchunas had previously estimated the funds to garner roughly $500 million in inflows over a similar period due to doubts over Chinese investor eligibility and a lack of maturity in the Hong Kong ETF market.
Chinese investors exposure
Eric Balchunas, Bloomberg’s senior ETF analyst, highlighted the challenge faced by Chinese investors seeking exposure to newly approved ETFs in Hong Kong.
Citing a research note from colleague Rebecca Sin, Balchunas emphasized that China’s ban on the underlying assets related to these ETFs complicates accessibility for interested investors within the jurisdiction.
China has long upheld strict regulations on the burgeoning crypto sector. The country initially banned cryptocurrencies in 2013 and extended the restrictions to mining in 20
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