Hong Kong is poised to become a leader with its new spot Bitcoin and Ether Exchange Traded Funds (ETFs), but how can they fare up against their US peers which have drawn more than $28 billion in the first three months? Bloomberg ETF analyst Eric Balchunas has updated his projections, now estimating these ETFs could attract up to $1 billion in assets under management within the first two years of operation, doubling his previous forecast of $500 million.
Why Hong Kong’s Spot Bitcoin ETFs Will Lag US Peers
This optimistic forecast is tempered by certain regulatory challenges, particularly affecting potential investors from Mainland China. As Balchunas detailed via X (formerly Twitter), “Mainland China investors probably won’t be eligible to buy Hong Kong-listed spot Bitcoin and Ether ETFs as they are barred from buying virtual assets.”
This statement was based on insights from Rebecca Sin of Bloomberg, who emphasized that while retail investors from Mainland China co
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