Three recently approved spot Bitcoin and Ethereum ETFs in Hong Kong are unlikely to bring about any meaningful inflows compared to the United States market says Bloomberg ETF analyst Eric Balchunas.
Bloomberg ETF analyst Eric Balchunas says crypto investors should reign in their expectations over a spate of recently approved spot Bitcoin and Ether ETFs in Hong Kong.) exchange-traded funds in Hong Kong may not be as big of a deal as some may think, according to senior Bloomberg ETF analyst Eric Balchunas.to three offshore Chinese asset managers to begin issuing spot Bitcoin and Ether ETFs.
Justifying his predictions, Balchunas explained that the Hong Kong ETF market is “tiny” when compared to countries like the United States, adding that these ETFs don’t allow Chinese retail investors with official access to the products.Balchunas noted these three prospective ETF issuers were tiny relative to “big fish” asset management giants such as BlackRock — which currently boasts more than $9 trillion in assets under management.
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