Bloomberg analysts: The impact of Hong Kong's virtual asset ETFs on the local market is as significant as in the United States

ChainCatcher news, Bloomberg ETF senior analyst Eric Balchunas posted on the X platform that, as previously suggested, while we shouldn't expect Hong Kong to have trading volumes as large as the U.S., proportionally, the $310 million Hong Kong ETF is equivalent to the $50 billion U.S. market. Therefore, in this regard, the impact of the Hong Kong virtual asset ETF on its local market is already as significant as that of the U.S. spot Bitcoin ETF on its local market.