Bloomberg’s analysts have proposed new Bitcoin and Ethereum ETFs with an estimated management size of over $1 billion in Hong Kong within the next two years. This is a significant increase from the previous prediction of $500 million made by Eric Balchunas, senior ETF analyst at Bloomberg.
Later, he discussed on X some of the significant hurdles that investors in the area might encounter. The rigorous regulations on cryptocurrency in China make it difficult for mainland residents to participate fully.
Investors based in Mainland China are unlikely to have the ability to purchase Hong Kong-traded spot Bitcoin and Ethereum ETFs due to restrictions preventing them from investing in virtual assets. Alternative methods exist, but they are less common and could potentially be discontinued, according to a note by Rebecca Sin.
— Eric Balchunas (@EricBalchunas) April 17, 2024
Reaching the milestone of a $1 billion market in Hong Kong for crypto assets depends on enhancing the financial infrastructure, specifically for handling cryptocurrencies. Currently, Bitcoin ETF assets under management (AUM) in this region add up to $250 million from launched funds. This development has attracted significant attention from major players like ChinaAMC, leading them to propose spot ETFs – a decision that is expected to significantly expand Hong Kong’s crypto ETF market.
Read More
- Ludus promo codes (April 2025)
- Cookie Run: Kingdom Topping Tart guide – delicious details
- Unleash the Ultimate Warrior: Top 10 Armor Sets in The First Berserker: Khazan
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Grand Outlaws brings chaos, crime, and car chases as it soft launches on Android
- Grimguard Tactics tier list – Ranking the main classes
- Fortress Saga tier list – Ranking every hero
- Tap Force tier list of all characters that you can pick
- ZEREBRO/USD
- Val Kilmer Almost Passed on Iconic Role in Top Gun
2024-04-17 23:32