Why someone would choose an institutional ETF based in Hong Kong where crypto itself is threatened is not addressed here other than obliquely. Also, cultural issues around holding an underlying asset vs a controlled, paper representation is an important factor, particularly when analyzing precious metals and especially crypto assets. As an investment, I understand paper “gold” (for instance) in the U.S., but not in a place that may outlaw physical gold. Wealth is treated differently around the world, despite it often being handled the same way from time to time. Local laws matter to the psyche of all humans and if we’re discussing people who take a hands off approach toward crypto specifically, behaviors are likely even more exaggerated.
I’m not sure the Hong Kong will make much impact. The debut of Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong really fell short of expectations, with modest trading volumes totaling 87.58 million HKD, significantly below the anticipated $100 million mark. Compared to the US debut, which saw $4.6 billion in trading volume across 11 listed spot Bitcoin ETF products, the Hong Kong launch pales in comparison, raising questions about investor appetite and market dynamics. While some ETFs, like China Asset Management's "ChinaAMC Bitcoin ETF," showed promising initial trading volumes, stakeholders remain cautiously optimistic about the long-term market impact, particularly in expanding investor bases and ensuring market stability through compliance standards and currency accessibility.
Doesn't trading volume for anything in the financial markets of Asia pick up during, you know, Asia Session around 8-10am GMT 8+?
Thank you for your feedback,for more information on how to be successful ,WH'AT'S'AP'P ME 十
+•1•765=2•0=8•=3=••9=••5=••7=•√•✔️✔️✔️✔***
Why someone would choose an institutional ETF based in Hong Kong where crypto itself is threatened is not addressed here other than obliquely. Also, cultural issues around holding an underlying asset vs a controlled, paper representation is an important factor, particularly when analyzing precious metals and especially crypto assets. As an investment, I understand paper “gold” (for instance) in the U.S., but not in a place that may outlaw physical gold. Wealth is treated differently around the world, despite it often being handled the same way from time to time. Local laws matter to the psyche of all humans and if we’re discussing people who take a hands off approach toward crypto specifically, behaviors are likely even more exaggerated.
Thank you for your feedback,for more information on how to be successful ,WH'AT'S'AP'P ME 十
+•1•765=2•0=8•=3=••9=••5=••7=•√•✔️✔️✔️✔***
I’m not sure the Hong Kong will make much impact. The debut of Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong really fell short of expectations, with modest trading volumes totaling 87.58 million HKD, significantly below the anticipated $100 million mark. Compared to the US debut, which saw $4.6 billion in trading volume across 11 listed spot Bitcoin ETF products, the Hong Kong launch pales in comparison, raising questions about investor appetite and market dynamics. While some ETFs, like China Asset Management's "ChinaAMC Bitcoin ETF," showed promising initial trading volumes, stakeholders remain cautiously optimistic about the long-term market impact, particularly in expanding investor bases and ensuring market stability through compliance standards and currency accessibility.
Thank you for your feedback,for more information on how to be successful ,WH'AT'S'AP'P ME 十
+•1•765=2•0=8•=3=••9=••5=••7=•√•✔️✔️✔️✔***