Hong Kong Bitcoin and Ethereum ETF Set to Attract Minimal Assets Under Management, Predicts Bloomberg Analyst

Quick Summary:

Bloomberg analyst Eric Balchunas, in collaboration with analyst Rebecca Sin, has adjusted estimates for the potential assets under management (AUM) of Bitcoin and Ethereum Exchange-traded Funds (ETFs) in Hong Kong.

The AUM expectation for the Hong Kong Bitcoin and Ethereum ETFs has been lowered to $1 billion.

The biggest restriction was the size of the Hong Kong crypto market being relatively smaller than that of the U.S.

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Category: Crypto

Markets: IndiaChinaHong Kong

Topics: Bitcoin News Spot Bitcoin ETF Spot Ethereum ETF Altcoin News Hong Kong Bitcoin ETFs 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 23:34:05 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 346 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 20714471

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