Hong Kong Witnesses Launch of Spot Bitcoin ETFs: An Update on the Market

The anticipation surrounding the influx of capital into Hong Kong’s spot Bitcoin ETF market is significant, with experts sharing varying opinions on its potential. Rebecca Sin, an analyst from Bloomberg Intelligence, expects that Hong Kong’s spot Bitcoin and Ethereum ETFs could amass $1 billion in two years, envisioning relatively modest entries. On the other hand, Han Tongli, the CEO of Harvest Global, believes this estimate is overly cautious and suggests that Hong Kong’s widespread acceptance of financial products and services catering to both Eastern and Western markets could lead to even greater achievements.