Cryptocurrency Q&A
Are Hong Kong spot bitcoin ETFs enough to cover inflows?
Are Hong Kong spot bitcoin ETFs enough to cover inflows?
QuasarStorm
Fri Oct 04 2024
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7 answers
1629
Could you elaborate on the topic of Hong Kong spot Bitcoin ETFs and their ability to adequately handle potential inflows? Are there concerns about their scalability, liquidity, or regulatory framework that could limit their capacity to absorb significant amounts of investment? Additionally, what alternative investment vehicles or strategies exist for investors seeking exposure to bitcoin in Hong Kong?
7 answers
Michele
Sun Oct 06 2024
The recent influx of capital into Hong Kong's spot Bitcoin exchange-traded funds (ETFs) has been unable to offset the outflows from their United States counterparts.
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TaekwondoPower
Sun Oct 06 2024
Despite the launch of these new ETFs, the total net inflow for the week, as reported by James Butterfill of CoinShares, amounted to just $217 million.
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Alessandra
Sun Oct 06 2024
This figure pales in comparison to the significant outflows experienced by the 11 spot Bitcoin ETFs based in the United States.
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SsamziegangSerenadeMelodyHarmonySoul
Sun Oct 06 2024
The disparity highlights the ongoing challenges faced by the cryptocurrency market, particularly in terms of liquidity and investor sentiment.
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Valentino
Sat Oct 05 2024
The Hong Kong ETFs, while a positive step forward for the region's crypto ecosystem, have yet to gain the same level of traction as their US counterparts.
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