According to BlockBeats, Zhu Haokang, the head of digital asset management and family wealth at Huaxia (Hong Kong), has stated that apart from Grayscale, the other 10 American Bitcoin spot ETF issuers reached a first-day issuance scale of $125 million on January 10 this year. He predicts that the initial scale of the three issuers in Hong Kong will exceed this figure, with Huaxia Fund being the largest among them.
Compared to the United States, Hong Kong's spot ETFs allow cash and physical subscriptions or renewals. Huaxia's ETF is the only one that offers counters in US dollars, Hong Kong dollars, and Renminbi. It is also the only issuer with non-listed shares, and many traditional crypto asset investors have actively participated in its IPO stage. Bitcoin miners, regions outside Hong Kong such as Singapore and the Middle East, and local family offices are all interested in investing in its ETF.
Analysts predict that the asset management scale of Hong Kong's Bitcoin and Ethereum spot ETFs could reach $1 billion in the future. However, whether this goal can be achieved may depend on the speed of infrastructure and ecosystem improvements.