China Asset Management: The first batch of Hong Kong Bitcoin spot ETFs is expected to have a launch size of US$125 million

According to ChainCatcher, according to Zhitong Finance, Zhu Haokang, head of digital asset management and head of family wealth at Huaxia (Hong Kong), said that except for Grayscale, the other 10 US Bitcoin spot ETF issuers issued a total of US$125 million on the first day of January 10 this year. The first issuance scale of the three issuers in Hong Kong will exceed this figure, and Huaxia Fund will be the largest among the three.

Compared with the United States, Hong Kong's spot ETFs allow cash and physical subscription or renewal. Huaxia's ETF is the only one that provides three counters in US dollars, Hong Kong dollars and RMB, and is also the only ETF issuer with unlisted shares. Many traditional crypto asset investors have actively participated in its IOP (initial offering) stage. Bitcoin miners, regions outside Hong Kong such as Singapore and the Middle East, and local family offices are all interested in investing in its ETFs.

Analysts predict that the asset management scale of Hong Kong's spot Bitcoin and Ethereum ETFs is expected to reach US$1 billion in the future, but whether this goal can be achieved may depend on the speed of improvement of infrastructure and ecosystem.