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Hong Kong is set to launch Bitcoin and Ethereum spot ETFs tomorrow, and one of the ETF issuing companies has a bold prediction. The issuer explained to WuBlockchain that the issuance scale of these ETFs is expected to be between $200 million and $300 million. This figure exceeds the first-day issuance scale of $125 million in the United States.
Additionally, the issuer predicts that the final market size could reach at least US$2-3 billion. While this figure is significantly lower than the US market, it is significantly higher than the $500 million estimate previously made by US analysts.
The issuer in question clarified that initial issuance refers to the size of the Initial Offering Period (IOP) prior to listing, rather than the capital inflow on the first day.
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While Asia has the most crypto users globally, mainland China's ban on digital assets potentially limits its investor base. Regardless, the ETF approval means Hong Kong has become Asia's first financial center to recognize cryptocurrency products as mainstream investment vehicles.
These products have also received official regulatory approval from Hong Kong's Securities and Futures Commission.
Just three months ago, the US launched its first spot Bitcoin ETF, generating net inflows of approximately $12 billion and contributing to an earlier Bitcoin price surge. Now Hong Kong is doing the same thing. The Hong Kong units of China Asset Management, Harvest Fund Management and Bosera Asset Management will launch these ETFs tomorrow, in partnership with local cryptocurrency firm Hashkey.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/big-day-tomorrow-bitcoin-and-ethereum-spot-etfs-launch-in-hong-kong-hard-to-believe-us-claim-from-one-of-the-companies/" rel="noopener noreferrer nofollow">Big Day Tomorrow: Bitcoin and Ethereum Spot ETFs Launch in Hong Kong – Hard to Believe US Claim from One of the Companies</a>

Big Day Tomorrow: Bitcoin and Ethereum Spot ETFs Launch in Hong Kong – Hard to Believe US Claim from One of the Companies

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