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In a significant move for investors, Hong Kong’s <a href="https://www.cryptotimes.io/2024/04/30/hong-kong-launches-bitcoin-and-ethereum-etfs/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin ETFs have launched</a>, sparking optimism in the market.&nbsp; 
Unlike US Bitcoin ETFs facing net outflows, Hong Kong’s embrace of an in-kind subscription model stands out, facilitating the direct exchange of assets for fund units and minimizing tax implications. 
Blockstream CEO Adam Back <a href="https://twitter.com/adam3us/status/1785073986004533661?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1785073986004533661%7Ctwgr%5E8a2acddc0c79bef38d3a4052ceba81d610178e55%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoingape.com%2Fhong-kong-bitcoin-etf-offers-these-advantages-over-the-us-etf%2F" target="_blank" rel="noreferrer noopener" data-wpel-link="external">praised</a> Hong Kong’s ETF model for its tax-efficient in-kind entry/exit system. This feature attracts capital without the risk of bankruptcy-related selling, fostering a continuous market. 
Analysts predict substantial growth, with Bloomberg Intelligence’s Rebecca Sin estimating $1 billion in inflows over two years, a figure Harvest Global CEO Han Tongli considers conservative due to Hong Kong’s broad investor appeal. 
Amidst US ETF <a href="https://farside.co.uk/?p=997" target="_blank" rel="noreferrer noopener" data-wpel-link="external">outflows</a> totaling $51 million on April 29th, attention turns to potential Chinese involvement. VanEck’s Gabor Gurbacs noted China’s likely approval behind Hong Kong’s ETF launch, signaling intensified East-West competition in Bitcoin investments. 
The Hong Kong Bitcoin ETFs’ debut signals a shift, offering investors a new avenue amid evolving global cryptocurrency dynamics. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/29/bitcoin-spot-etfs-in-u-s-witnessed-328m-outflows-last-week/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin Spot ETFs in the U.S. Witnessed $328M Outflows Last Week</a> 
</blockquote>

Hong Kong Bitcoin ETFs Offer Competitive Edge Over US ETFs

The Crypto Times

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