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.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 18.7761 million ARB transferred to a certain exchange, worth approximately $4.1894 million
Malaysian Crown Prince-backed telecom company Bullish Aim launches ringgit stablecoin RMJDT
Stablecoin public chain Tempo has launched its public beta
gensyn will launch its token public sale on December 15
Trending news
MoreCrypto prices
More
