$BTC Regarding the expected inflows of funds into Hong Kong Bitcoin spot exchange-traded funds (ETFs), the existing information contains the following predictions:

1. Eric Balchunas, senior ETF analyst at Bloomberg, said that BlackRock's Bitcoin spot ETF may receive $2 billion in funds on the first day of listing, breaking the first-day fund inflow record. He further expects that these Bitcoin spot ETFs will receive $4 billion in funds on the first day of listing and are expected to attract $100 billion in funds in the first year.

2. According to data on January 31, 2024, the net inflow of funds on the 13th day (January 30) after the Bitcoin spot ETF opened for trading was $247 million.

3. As of January 28, 2024, the cumulative net inflow of funds into Bitcoin spot ETFs reached $756 million.

4. By February 29, 2024, the net inflow of funds into Bitcoin spot ETFs reached $44 billion, which was close to half of the size of all gold ETFs at the time.

5. A report on February 26, 2024 pointed out that the Bitcoin spot ETF has accumulated a net inflow of more than US$5.5 billion.

Based on the above information, the following conclusions can be drawn: • The Hong Kong Bitcoin spot ETF is expected to have a large-scale inflow of funds in the early stage of listing (first day or first week), which may reach hundreds of millions of dollars or even billions of dollars. • As time goes by, the inflow of funds continues to increase, and by the end of 2024, the net inflow is expected to exceed US$20 billion.

• Analyst Eric Balchunas is very optimistic about the long-term outlook (within one year), predicting that the Bitcoin spot ETF may attract up to US$100 billion in funds. It should be noted that the above forecast is based on market sentiment, Bitcoin price trends, investor preferences, and global economic and financial environment in a specific period. The actual inflow of funds will be affected by many factors and may differ from the forecast value. To understand the latest inflow of funds into the Hong Kong Bitcoin spot ETF, it is recommended to pay attention to the real-time data report of the relevant fund or financial market news updates.