Matrixport: Hong Kong Bitcoin Spot ETF may unleash up to $25 billion in demand
According to Mars Finance news, Matrixport said in a report on Friday: “Bitcoin spot ETFs listed in Hong Kong may attract billions of dollars in funds annually as mainland Chinese investors take advantage of the Southbound Connect program. Facilitating transactions of up to 500 billion yuan (HK$540 billion, US$70 billion)." Matrixport added: "Depending on (potential) available capacity, this could bring up to HK$200 billion of capital to the Hong Kong Bitcoin ETF. volume, or $25 billion.”
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