Xian Sujun, chief analyst for ETF Asia Pacific at Bloomberg Industry Research, said that the asset management size of the Hong Kong spot bitcoin and ether ETF is expected to reach 1 billion US dollars, but whether this can be achieved may depend on the speed of improvement of infrastructure and ecosystems.
The demand for ETFs from retail and institutional investors in Hong Kong is strong, and both types of investors have shown interest in virtual assets. However, the innovative sexuality of such products suggests that the infrastructure of virtual asset ETFs will take time to develop and mature. HashKey and OSL are the only two such trading platforms that have been approved in Hong Kong. Once the ETF ecosystem develops, the market competition is expected to become more intense, and the flow of funds may increase accordingly. Pricing is more accurate, spreads are narrowed, liquidity is enhanced, and fees will also be lower.
Bloomberg ETF Asia Pacific Chief Analyst: Hong Kong spot bitcoin and ether ETF AUM is expected to reach $1 billion
2024-04-29 03:52:55
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