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Bloomberg analyst: the potential size of the spot bitcoin ETF in the Asia-Pacific region will reach $3 billion

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2024-06-21 15:00:37
Bloomberg analyst James Seyffart said on the X platform that VanEck's initial listing of a spot bitcoin ETF on the Australian Stock Exchange this week could help bring $1 billion in asset management to an Australian digital asset ETF (equivalent to $72 billion in the US). Add in our expectation of $1 billion in Hong Kong and $1 billion in South Korea, and the potential size in Asia Pacific will reach $3 billion.
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