Bloomberg ETF Analyst: Hong Kong Spot Bitcoin ETF Inflows Estimated at About $500 Million, May Not Attract a Lot of Funds

Odaily Planet Daily reported that Bloomberg ETF analyst Eric Balchunas posted on the X platform that the Hong Kong Spot Bitcoin ETF has been approved but has not yet been launched. There are rumors that the ETF will be launched next week. It is expected that the Hong Kong Spot Bitcoin ETF will not attract much inflows (some estimate it to be $25 billion, which is an exaggeration), and the estimated inflows may be around $500 million. Here are the reasons for this prediction:

1. The Hong Kong ETF market is relatively small, only about $50 billion, and mainland users are still unable to buy it.

2. The three approved spot Bitcoin ETF issuers (Bosera, Huaxia, and Harvest) are small in scale, and no large institutions such as BlackRock have yet participated in them.

3. The liquidity and efficiency of the underlying ecosystem are relatively low, which may lead to large spreads and premium discounts for these ETFs.

4. Transaction fees may be high, estimated to be 1-2%, which is higher than US spot Bitcoin ETFs. #比特币etf