Personal Views on Hong Kong BTC ETF approval
The approval of the Hong Kong ETF may not bring short-term benefits, but in the long run, it will attract funds from the Asian region, especially family offices and funds. The Asian region has a habit of long-term savings and financial management. Over the next 3-5 years, ETFs are expected to attract $200 billion in inflows.
Launching the Hong Kong ETF at this moment seems like a misstep. It would have been wiser to wait until after the halving, when price trends are clearer. Its hurried release suggests short-term disadvantages rather than benefits. Nevertheless, it signifies a potential shift in China's stance towards cryptocurrency, which is paramount.
