Bloomberg ETF Analyst: Hong Kong may create physical Bitcoin ETFs in the opposite way to the United States

Bloomberg ETF analyst Rebecca Sin has released a latest research report showing that Hong Kong is expected to achieve the creation and redemption of spot Bitcoin ETFs in the second quarter of this year, which could be a significant market opportunity to significantly increase the asset management scale (AUM) and trading volume of Bitcoin ETF issuers in the region. The report states that Hong Kong's goal may be to create ETFs using physical Bitcoin, which is completely different from the United States, which only allows the use of cash, i.e. "cash in, Bitcoin ETF out", while Hong Kong is "Bitcoin in, ETF out". (Cointelgraph)