Bloomberg ETF analyst: Need to recalibrate views on Hong Kong's virtual asset ETF market
2024-05-02 14:19:43
Bloomberg ETF senior analyst Eric Balchunas said in a post on the X platform that he had previously predicted that the Hong Kong virtual asset ETF market would take two years to reach the $1 billion level, but it hit $292 million on the first day, which means that the Hong Kong virtual asset ETF market needs to be readjusted. In addition, Ethereum ETF accounts for 15% of the Hong Kong virtual asset ETF market share, and the size seems to be more important than the low fee in attracting investors on the first day. The higher-fee Huaxia Bitcoin ETF (3042 HK) led the gains at $124 million, while the Harvest Bitcoin Spot ETF (3439 HK) attracted $63 million and the Bosera Hashkey Bitcoin ETF (3008 HK) attracted $61 million.
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