Bloomberg analyst: Hong Kong virtual asset ETF has as much impact on the local market as the United States
Eric Balchunas, a senior analyst at Bloomberg ETF, wrote on X platform that, as previously suggested, although it is not expected that Hong Kong will have as much trading volume as the United States, in terms of proportion, the $310 million Hong Kong ETF is equivalent to the $50 billion US market. Therefore, in this regard, the impact of Hong Kong's virtual asset ETF on its local market is as significant as that of the US Bitcoin ETF on its local market.
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