Expert breaks down reality vs. hype as Bitcoin and Ethereum ETFs land in Hong Kong
market, assets under management present a more substantial picture. China AMC leads with reported assets totaling $141 million, primarily allocated to Bitcoin with a portion in
Balchunas highlights that while trading figures may appear modest compared to the U.S. market, adjusting for market size provides a more nuanced perspective.In comparison, the U.S. boasts larger figures with $740 million in assets and $4.6 billion in trading. However, when considering market scale, the Hong Kong ETFs demonstrate promising potential.
This suggests that the influx of over $141 million in inflows could counterbalance any negative trends in the United States, offering optimism for the cryptocurrency ETF landscape in Hong Kong. Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Galxe Launches Galxe Passport V2, Boosting Privacy and Security for over 900K Passport Holders
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