A Hong Kong physical bitcoin ETF could be a significant market opportunity

WendyCS

2024-03-27 06:46:09

BTC-2,34%

SIN0,96%

According to a research report by ETF analyst Rebecca Sin, Hong Kong aims to achieve the creation and redemption of spot bitcoin ETFs in the second quarter, which could be a significant market opportunity to significantly increase the assets under management (AUM) and trading volume of bitcoin ETF issuers in the region. According to the report, Hong Kong’s goal is to create ETFs in kind, which is completely different from the United States, which only allows the use of cash, i.e., “cash in, bitcoin ETF out”, while Hong Kong is “bitcoin in, ETF out”, which could be an opportunity for the market.

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