The Hong Kong Bitcoin ETF launch was in the top 20% of launches, and 77% of local crypto holders still plan to invest: Asia Express.
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Six Hong Kong spot Bitcoin and Ether ETFs from three issuers have attracted a little over $200 million in assets under management (AUM) since their launch on April 30. This disappointed many whose expectations were set sky high due to the billions of dollars solicited by U.S. spot Bitcoin ETFs within one week of their debut in January.
“We tried to warn everyone to lower expectations re HK,” commented Bloomberg senior ETF analyst Eric Balchunas.