Bloomberg analyst: Hong Kong's virtual asset ETF has the same impact on the local market as the United States
2024-05-06 12:19:16
Bloomberg ETF senior analyst Eric Balchunas wrote on the X platform that, as previously suggested, although it is not necessary to expect Hong Kong to be as large as the US trading volume, in proportion, the 310 million US dollar Hong Kong ETF is equivalent to 50 billion US dollars in the US market. Therefore, in this regard, the impact of the Hong Kong virtual asset ETF on its local market has been as large as the impact of the US spot Bitcoin ETF on its local market.
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