Bitcoin
Bitcoin (BTC)
$103,340.00 1.97125
Bitcoin price
Ethereum
Ethereum (ETH)
$2,342.37 13.47763
Ethereum price
BNB
BNB (BNB)
$636.10 2.97603
BNB price
Solana
Solana (SOL)
$172.27 7.64661
Solana price
XRP
XRP (XRP)
$2.36 4.99454
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000151 7.5509
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 19.06427
Pepe price
Bonk
Bonk (BONK)
$0.0000216 12.411
Bonk price
dogwifhat
dogwifhat (WIF)
$0.730556 9.06982
dogwifhat price
Popcat
Popcat (POPCAT)
$0.514226 7.48373
Popcat price
Bitcoin
Bitcoin (BTC)
$103,340.00 1.97125
Bitcoin price
Ethereum
Ethereum (ETH)
$2,342.37 13.47763
Ethereum price
BNB
BNB (BNB)
$636.10 2.97603
BNB price
Solana
Solana (SOL)
$172.27 7.64661
Solana price
XRP
XRP (XRP)
$2.36 4.99454
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000151 7.5509
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 19.06427
Pepe price
Bonk
Bonk (BONK)
$0.0000216 12.411
Bonk price
dogwifhat
dogwifhat (WIF)
$0.730556 9.06982
dogwifhat price
Popcat
Popcat (POPCAT)
$0.514226 7.48373
Popcat price
Bitcoin
Bitcoin (BTC)
$103,340.00 1.97125
Bitcoin price
Ethereum
Ethereum (ETH)
$2,342.37 13.47763
Ethereum price
BNB
BNB (BNB)
$636.10 2.97603
BNB price
Solana
Solana (SOL)
$172.27 7.64661
Solana price
XRP
XRP (XRP)
$2.36 4.99454
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000151 7.5509
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 19.06427
Pepe price
Bonk
Bonk (BONK)
$0.0000216 12.411
Bonk price
dogwifhat
dogwifhat (WIF)
$0.730556 9.06982
dogwifhat price
Popcat
Popcat (POPCAT)
$0.514226 7.48373
Popcat price
Bitcoin
Bitcoin (BTC)
$103,340.00 1.97125
Bitcoin price
Ethereum
Ethereum (ETH)
$2,342.37 13.47763
Ethereum price
BNB
BNB (BNB)
$636.10 2.97603
BNB price
Solana
Solana (SOL)
$172.27 7.64661
Solana price
XRP
XRP (XRP)
$2.36 4.99454
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000151 7.5509
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000124 19.06427
Pepe price
Bonk
Bonk (BONK)
$0.0000216 12.411
Bonk price
dogwifhat
dogwifhat (WIF)
$0.730556 9.06982
dogwifhat price
Popcat
Popcat (POPCAT)
$0.514226 7.48373
Popcat price

Bloomberg analyst predicts capital inflows into Hong Kong ETFs

Brian Stone
Edited by
News
Bloomberg analyst predicts capital inflows into Hong Kong ETFs

Bloomberg analyst Eric Balchunas assessed the prospects for spot cryptocurrency ETFs in Hong Kong.

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.

“But a lot depends on infrastructure improvement. We also think this helps HK as ETF leader in Asia region.”

Eric Balchunas, Bloomberg analyst

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.

Balchunas also clarified his $500 million estimate 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.

Earlier this week, Hong Kong’s Securities and Futures Commission (SFCapproved Boshi International, HashKey Capital, China Asset Management, and Harvest Investment applications to launch spot Bitcoin and Ethereum ETFs.

Local authorities are actively working to regulate the crypto market. The transparent legal environment created by Hong Kong regulators has made the region attractive for crypto projects, thanks to which the particular administrative region of China has become a major crypto center.