Bloomberg Analyst Issues a Warning for the Upcoming Hong Kong Bitcoin, Ethereum ETFs
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Bloomberg ETF analyst Eric Balchunas predicts that the Hong Kong Bitcoin and Ether ETF market may generate $500 million in inflows, which is small compared to the over $15 billion from BlackRock’s spot Bitcoin ETF product alone in the United States. The Hong Kong Securities and Futures Commission (SFC) recently approved spot Bitcoin and Ethereum ETF products from China Asset Management, Harvest Global Investments, and Bosera Asset Management in partnership with HashKey Capital. Balchunas believes that the absence of major players in the Hong Kong ETF market and the possibility of high fees could hinder demand for the products. The Hong Kong spot Bitcoin ETF market could see an uptick if bigger players are involved and mainland Chinese investors are allowed access to the product. The US Securities and Exchange Commission has been reluctant to approve a spot Ethereum ETF in the United States, while Hong Kong is one of the first jurisdictions with an approved spot Ethereum ETF.
#Bloomberg #Etfs #Bitcoin #Ethereum #HongKong #Us #Regulation
https://cryptopotato.com/bloomberg-analyst-issues-a-warning-for-the-upcoming-hong-kong-bitcoin-ethereum-etfs/
CryptoPotato /
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2024-04-16 22:49:16
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2024-04-16 22:49:16Event JSON
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"content": "Bloomberg Analyst Issues a Warning for the Upcoming Hong Kong Bitcoin, Ethereum ETFs\n==========\n\nBloomberg ETF analyst Eric Balchunas predicts that the Hong Kong Bitcoin and Ether ETF market may generate $500 million in inflows, which is small compared to the over $15 billion from BlackRock’s spot Bitcoin ETF product alone in the United States. The Hong Kong Securities and Futures Commission (SFC) recently approved spot Bitcoin and Ethereum ETF products from China Asset Management, Harvest Global Investments, and Bosera Asset Management in partnership with HashKey Capital. Balchunas believes that the absence of major players in the Hong Kong ETF market and the possibility of high fees could hinder demand for the products. The Hong Kong spot Bitcoin ETF market could see an uptick if bigger players are involved and mainland Chinese investors are allowed access to the product. The US Securities and Exchange Commission has been reluctant to approve a spot Ethereum ETF in the United States, while Hong Kong is one of the first jurisdictions with an approved spot Ethereum ETF.\n\n#Bloomberg #Etfs #Bitcoin #Ethereum #HongKong #Us #Regulation\n\nhttps://cryptopotato.com/bloomberg-analyst-issues-a-warning-for-the-upcoming-hong-kong-bitcoin-ethereum-etfs/",
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