Australia joins the BTC ETF mania; will APAC demand boost BTC prices?ETFs are here. Slated to start trading on Tuesday, the 30th of April, market watchers view the debut as a game changer for Asia., underscored the Hong Kong ETF’s significance in the region by citing Asia’s highest crypto user statistics.Source: X/Willy WooThe first batch of approved products from Bosera, ChinaAMC , and Harvest Fund will go live on the Hong Kong stock exchange on the 30th of April.
In mid-April, Singapore-based crypto research firm, Matrixport, projected that Hong Kong’s spot BTC ETFs could attract $25 billion in inflows. The analyst updated his previous $200 million estimate to $1 billion in AUM ,“Our asset estimate is now $1b in first two years , but a lot depends on infrastructure improvement.”
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