Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bloomberg ETF analyst clarifies: Hong Kong’s approval of ETF is good for Bitcoin, saying its small size is only compared to the United States

Bloomberg ETF analyst clarifies: Hong Kong’s approval of ETF is good for Bitcoin, saying its small size is only compared to the United States

MarsBit2024/04/15 14:59
By:MarsBit

Mars Financial News: In response to previous claims that the expected Hong Kong spot Bitcoin ETF would not attract much traffic and that the Hong Kong ETF market is relatively small, estimated fund inflows may reach $500 million. Bloomberg ETF analyst Eric Balchunas clarified on platform X once again, stating that approving an ETF for Bitcoin in Hong Kong is beneficial because it opens up more investment channels. He mentioned that its small scale is only compared to the United States. In the long run, some issues may disappear: more liquidity, smaller spreads, lower costs, and greater involvement from issuers.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

ETFs are being launched in clusters, but coin prices are falling. Can ETF approval still be considered good news?

On one hand, Vanguard Group has opened trading for Bitcoin ETFs, while on the other, CoinShares has withdrawn its applications for XRP, Solana Staking, and Litecoin ETFs, highlighting a significant divergence in institutional attitudes towards ETFs for different cryptocurrencies.

链捕手2025/12/05 02:53
ETFs are being launched in clusters, but coin prices are falling. Can ETF approval still be considered good news?

Crypto Market Thrives as Ethereum Gains and ARB Coin Potential Rise

In Brief The crypto market shows signs of activity ahead of the Fed meeting. Ethereum's strong performance is sparking widespread interest. ARB Coin shows potential with consistent TVL growth.

Cointurk2025/12/05 02:00
Crypto Market Thrives as Ethereum Gains and ARB Coin Potential Rise
© 2025 Bitget