Bloomberg ETF Analyst: Hong Kong Physical Bitcoin ETF Could Be a Major Market Opportunity
According to a research report by Bloomberg ETF analyst Rebecca Sin, Hong Kong aims to achieve the creation and redemption of spot Bitcoin ETFs in the second quarter, which may be a major market opportunity that can significantly increase Bitcoin ETF issuance in the region. People's assets under management (AUM) and trading volume. The report stated that Hong Kong’s goal is to create ETFs in kind, which is completely different from the United States. The United States only allows the use of cash, that is, “cash in, Bitcoin ETFs out”, while Hong Kong’s is “Bitcoins in, ETFs out”, which is very important to the market. Might be an opportunity.
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