ChainCatcher news, according to DL News, David Lawant, the research director of institutional digital asset broker FalconX, has not given up on predicting the future development of cryptocurrency ETFs in Hong Kong. He stated that it is common for ETF inflows to slow down after launch and then gradually increase over time, especially during periods of low market volatility, which has been highlighted in recent months.Currently, the asset management scale of Bitcoin and Ethereum spot ETFs in Hong Kong is $290.6 million, far less than that of similar ETFs in the United States (nearly $57 billion). On some trading days, these six funds even had no net inflows.However, Lawant believes that the prediction for Hong Kong ETFs to reach an asset scale of $1 billion by the end of this year is still possible. "Reaching this goal by the end of 2025 may be more realistic. However, considering the fast-paced nature of cryptocurrencies, I would not completely rule out the above possibility," Lawant added.He also stated, "Compared to what we see in other countries/regions, this number will definitely seem small. But considering the scale of the Asian market and its importance to the entire crypto ecosystem, I believe it has the potential to go higher."

ChainCatcher news, according to The Block, Gary Tiu, Executive Director and Head of Regulatory Affairs at the Hong Kong cryptocurrency exchange OSL, stated at the Foresight 2024 conference held on Sunday that as the Hong Kong ETF market continues to develop, there are increasing opportunities for active participants to drive its growth potential. Although intermediaries in the Hong Kong market currently place more emphasis on non-listed products, the Hong Kong spot crypto ETF provides investors with a reliable channel for participation and lays the foundation for future market development.In addition, Tiu stated, "Overall, Hong Kong still holds a negative attitude towards Bitcoin, Ethereum, and cryptocurrencies. I believe there are still some biases in the eyes of regulators and financial institutions, as they view Bitcoin ETFs as a unique risk category that requires extra caution." Chen Zhao, Director of Digital Assets at Fosun Wealth, added that the Hong Kong crypto ETF also lacks a sufficient number of dealers and brokers.

ChainCatcher news, according to Coindesk, the Hong Kong Stock Exchange has confirmed that cryptocurrency ETFs are not available to mainland Chinese investors. The cryptocurrency ETFs in Hong Kong will provide a means to bypass capital controls in mainland China due to their unique physical redemption model.