2024-04-16 14:18:20

Bloomberg ETF analysts: Hong Kong's Bitcoin and Ethereum Spot ETF inflows could be 500 million USD

Eric Balchunas, a ETF analyst at Bloomberg, posted on Platform X that the Hong Kong Spot Bitcoin ETF has been approved in principle but has not yet been launched. Spot Bitcoin ETF doesn't expect inflows into Hong Kong to be very go long (some estimate of $25 billion, which is crazy), while inflows into Bitcoin and Ethereum Spot ETF are estimated to be $500 million for the following reasons:
1. The Hong Kong ETF market is very small, only 50 billion USD.
2. The three approved Spot Bitcoin ETF issuance parties (Brose, Huaxia and Fengfeng) are smaller. There are currently no large organizations like BlackRock involved.
3. Lower Liquidity/Base Ecosystem Efficiency = These ETFs may experience large spreads and Prem discounts.
4.Money Laundering level is likely to be in the range of 1-2%, which is higher than the Spot Bitcoin ETF in the United States.

BTC0,68%

ETH1,88%

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Fortune

· 2024-04-16 14:47

Bloomberg ETF analysts: Hong Kong's Bitcoin and Ethereum Spot ETF inflows could be 500 million USD Eric Balchunas, a ETF analyst at Bloomberg, posted on Platform X that the Hong Kong Spot Bitcoin ETF has been approved in principle but has not yet been launched. Spot Bitcoin ETF doesn't expect inflows into Hong Kong to be very go long (some estimate of $25 billion, which is crazy), while inflows into Bitcoin and Ethereum Spot ETF are estimated to be $500 million for the following reasons: 1. The Hong Kong ETF market is very small, only 50 billion USD. 2. The three approved Spot Bitcoin ETF issuance parties (Brose, Huaxia and Fengfeng) are smaller. There are currently no large organizations like BlackRock involved. 3. Lower Liquidity/Base Ecosystem Efficiency = These ETFs may experience large spreads and Prem discounts. 4.Money Laundering level is likely to be in the range of 1-2%, which is higher than the Spot Bitcoin ETF in the United States.

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