Hong Kong's Crypto ETFs: Scaling Up in a Global Market!
đ Hong Kong's upcoming spot bitcoin and ether ETF launches are expected to be smaller than US counterparts.
đ US BTC ETFs attracted nearly $60 billion since January 11.
đEstimates for Hong Kong ETFs' demand range from $500 million to $25 billion.
đHong Kong regulators approved Bosera Capital, China Asset Management, HashKey Capital, and Harvest Global for spot bitcoin and ether ETFs.
đRyan Rasmussen predicts combined demand could reach $1 billion, with most attributed to bitcoin.
Summary : ETFs may positively impact crypto prices, similar to US spot BTC ETFs.
Concerns exist regarding potential liquidity tie-up and BTC supply shortage outside of ETFs.