Insider: Tomorrow's Hong Kong cryptocurrency spot ETF issuance is expected to be $200-300 million, exceeding the first day in the United States

PANews reported on April 29 that according to WuTalk, citing people familiar with the matter, the Hong Kong Bitcoin and Ethereum spot ETFs that will be launched tomorrow are expected to have an issuance scale of 200 million to 300 million US dollars, of which the amount of ETH is relatively small, but the total amount exceeds the US Bitcoin spot ETF's first-day issuance scale of 125 million US dollars. Among them, Huaxia has invested a lot of distribution work in IOP, while the main customers of Harvest and Bosera did not subscribe in the IOP stage, and there may be a large amount of funds entering in the future. According to estimates by people familiar with the matter, based on the current price, the final market size of Hong Kong cryptocurrency spot ETFs can reach at least 2-3 billion US dollars, which is far lower than the US market, but higher than the US$500 million estimated by US analysts earlier. Earlier news, Huaxia Fund expects the initial issuance scale of Hong Kong Bitcoin spot ETF to exceed the initial issuance scale of the United States, that is, 125 million US dollars.