Bloomberg ETF analyst Rebecca Sin: Hong Kong may adopt the opposite approach to the United States to create a spot Bitcoin ETF

On March 26, Bloomberg ETF analyst Rebecca Sin said that Hong Kong is expected to realize the creation and redemption of spot Bitcoin ETFs in the second quarter of this year. This may be a major market opportunity that can significantly increase the issuance of Bitcoin ETFs in the region. People's assets under management (AUM) and trading volume. The report stated that Hong Kong's goal may be to use physical Bitcoin to create ETFs, which is completely different from the United States. The United States only allows the use of cash, that is, "cash in, Bitcoin ETF out", while Hong Kong is "Bitcoin in, ETF out."