Bloomberg ETF analyst clarifies: Hong Kong’s approval of ETF is good for Bitcoin, saying its small size is only compared to the United States
Mars Financial News: In response to previous claims that the expected Hong Kong spot Bitcoin ETF would not attract much traffic and that the Hong Kong ETF market is relatively small, estimated fund inflows may reach $500 million. Bloomberg ETF analyst Eric Balchunas clarified on platform X once again, stating that approving an ETF for Bitcoin in Hong Kong is beneficial because it opens up more investment channels. He mentioned that its small scale is only compared to the United States. In the long run, some issues may disappear: more liquidity, smaller spreads, lower costs, and greater involvement from issuers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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