Ethereum

2024

Boshi

<p class="is-style-lead">Bloomberg analyst Eric Balchunas assessed the prospects for spot cryptocurrency ETFs in Hong Kong.</p>
<p>According to the Balchunas, his asset estimate is currently $1 billion for the first two years. The ETF analyst noted this is positive but still far from the $25 billion estimate cited by some analysts.</p>
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   <p lang="en" dir="ltr">Now for some good news re HK, our asset estimate is now $1b in first two years (which is healthy IMO but still nowhere near the $25b that some have said) but a lot depends on infrastructure improvement. We also think this helps HK as ETF leader in Asia region via <a href="https://twitter.com/RebeccaSin_SK?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@RebeccaSin_SK</a> <a href="https://t.co/5TiFLP72MB" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/5TiFLP72MB</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1780569200559321181?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 17, 2024</a>
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 <p>“But a lot depends on infrastructure improvement. We also think this helps HK as ETF leader in Asia region.”</p> <cite>Eric Balchunas, Bloomberg analyst </cite>
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<p>However, the expert noted that mainland Chinese investors will likely not be eligible to buy Hong Kong-listed Bitcoin and Ethereum spot ETFs as the purchase of virtual assets is prohibited in the region.</p>
<p>Balchunas also clarified his <a href="https://crypto.news/bloomberg-analyst-calls-hong-kong-spot-etf-approval-childs-play/" target="_blank" rel="noopener noreferrer nofollow">$500 million estimate</a> a few days ago. According to the analyst, the previous forecast was short-term, and the new estimate is based on allowing more time for infrastructure development.</p>
<p>Earlier this week, Hong Kong’s Securities and Futures Commission (<a href="https://crypto.news/tag/SFC/" target="_blank" rel="noopener noreferrer nofollow">SFC</a>)&nbsp;<a href="https://crypto.news/hong-kong-approves-spot-bitcoin-ethereum-etfs-by-bosera-and-hashkey/" target="_blank" rel="noopener noreferrer nofollow">approved</a> Boshi International, HashKey Capital, China Asset Management, and Harvest Investment applications to launch spot <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://crypto.news/tag/Ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> <a href="https://crypto.news/tag/etf/" target="_blank" rel="noopener noreferrer nofollow">ETFs</a>.</p>
<p>Local authorities are actively working to regulate the crypto market. The transparent legal environment created by <a href="https://crypto.news/tag/Hong-Kong/" target="_blank" rel="noopener noreferrer nofollow">Hong Kong</a> regulators has made the region attractive for crypto projects, thanks to which the particular administrative region of <a href="https://crypto.news/tag/China/" target="_blank" rel="noopener noreferrer nofollow">China</a> has become a major crypto center.</p>
<p>You might also like: <a href="https://crypto.news/can-hong-kongs-spot-bitcoin-etfs-rival-us-leadership-and-boost-btc-price/" rel="noopener noreferrer nofollow"> Can Hong Kong’s spot Bitcoin ETFs boost BTC price? </a></p>

Bloomberg analyst predicts capital inflows into Hong Kong ETFs

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