Bloomberg Analyst: Potential Spot Bitcoin ETF in Asia-Pacific to Reach $3 Billion
VanEck's debut listing of a spot bitcoin ETF on the Australian Stock Exchange this week could help bring $1 billion in AUM (equivalent to $72 billion in the U.S.) to digital asset ETFs in Australia, Bloomberg analyst James Seyffart said in a post on the X platform.
Combined with our estimates of $1 billion in Hong Kong and $1 billion in South Korea, the potential AUM for the Asia-Pacific region would be $3 billion.
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.
You may also like
The crypto market has temporarily stabilized after the decline, with some altcoins showing a significant rebound.
SharpLink transferred 5,442 ETH to the Galaxy Digital OTC wallet 4 hours ago
Trending news
MoreCrypto prices
More
