Hong Kongs’s Recently Approved Crypto ETFs Will Attract Low Amount of AUM

Bloomberg analyst Eric Balchunas downplayed the excitement over Hong Kong’s approval of spot Bitcoin and Ether ETFs on Monday.

He reminded that while US spot Bitcoin ETFs have had high trading volumes and attracted billions in investments, the Hong Kong market is small and access to Chinese locals is limited.

Balchunas predicted that the total assets under management for both Bitcoin and Ether ETFs in Hong Kong will only reach $500 million.

It is worth noting that the Hong Kong market also approved spot ether ETFs, which is included in Balchunas’ prediction.