Bloomberg analyst: Hong Kong virtual asset ETFs have as much impact on the local market as the United States

Golden Finance reported that Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform that, as previously suggested, although there is no need to expect Hong Kong to have as large a trading volume as the United States, in terms of proportion, the $310 million Hong Kong ETF is equivalent to the $50 billion in the U.S. market. Therefore, in this regard, the impact of Hong Kong's virtual asset ETF on its local market is as great as the impact of the U.S. spot Bitcoin ETF on its local market.