Hong Kong’s Ether, Bitcoin ETFs will be ‘lucky to get $500m’
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.
Three recently approved spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) in Hong Kong may not be as big of a deal as some may think, according to senior Bloomberg ETF analyst Eric Balchunas.
On April 15, The Hong Kong Securities and Futures Commission (SFC) issued conditional approvals to three offshore Chinese asset managers to begin issuing spot Bitcoin and Ether ETFs. The asset managers cleared for approval include Harvest Fund Management, Bosera Asset Management, and China Asset Management.
However, in an April 15 post to X, Balchunas shot down lofty predictions that the ETFs could generate $25 billion in inflows and pointed to four main reasons why crypto investors should temper their expectations for the recently approved products.
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