Bloomberg analyst predicts increased investment in Hong Kong ETFs.

The Balchunas estimates the value of his assets to be $1 billion for the first two years. However, some analysts have a much higher estimate of $25 billion. The analyst, Eric Balchunas, believes that the development of infrastructure is a crucial factor and he sees it as beneficial for Hong Kong to emerge as an ETF leader in the Asia region.

The expert also mentioned that mainland Chinese investors may not be allowed to purchase Hong Kong-listed Bitcoin and Ethereum spot ETFs due to the prohibition of virtual asset purchases in the region. This development is a result of local authorities’ active efforts to regulate the cryptocurrency market. The revised estimate is a result of the acknowledgment that more time is needed for infrastructure development.

Leave a Reply

Your email address will not be published. Required fields are marked *