Hong Kong’s Bitcoin and Ethereum ETFs Poised to Outshine US Counterparts on Launch Day

In an exclusive report, Wu Blockchain has revealed that the issuer of the upcoming Hong Kong Bitcoin and Ethereum spot ETFs expects them to launch with a bang tomorrow.

The anticipated issuance scale of these ETFs is projected to reach $200 million to $300 million on their first day of trading. This figure dwarfs the $125 million achieved by their U.S. counterparts during their debut.

This news comes on the heels of the landmark approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) earlier this year. However, despite this groundbreaking move, recent data has shown outflows from BTC ETFs in the U.S. market, as we reported this past weekend.

The imminent launch of these Hong Kong-based ETFs tracking the world’s two largest cryptocurrencies is poised to shake up the digital asset investment landscape. Their potential to surpass the initial success of U.S. offerings highlights the growing global appetite for regulated crypto investment vehicles.

Celebrate Dogecoin and Make Big Gains with Doge2014!

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Show more +

While the U.S. has taken a significant step forward in embracing crypto ETFs, the anticipated reception of these Hong Kong products underscores the fierce international competition in this nascent market.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

CaptainAltcoin
Logo