The Hong Kong spot Bitcoin ETF ecosystem is less liquid compared to that of the U.S. As a result, spreads and discounts are expected. Balchunas also mentioned that all these factors will benefit Bitcoin, as the cryptocurrency industry will have more investment opportunities. However, he emphasized that the situation in Hong Kong is currently less favorable compared to the U.S.
In the long term, there is a possibility that this could change, with the potential for increased liquidity, tighter spreads, lower fees, and involvement of bigger issuers. Nevertheless, in the short to medium term, expectations are more moderate.
