香港比特幣 ETF 掀起波瀾，迎來節稅加密貨幣時代

香港推出的比特幣 ETF 提振了市場，其實物認購模式使其有別於美國同業。這種稅收優惠的系統允許投資者直接將資產換成基金單位，受到了 Blockstream 執行長 Adam Back 的讚揚，並引發了大幅成長的預測。在美國 ETF 資金流出之際，此舉引發了人們對中國潛在參與的興趣，顯示比特幣投資的競爭加劇。

Hong Kong's Bitcoin ETFs Cause Waves, Ushering in a Tax-Efficient Crypto Era

香港比特幣ETF掀起熱潮，開啟節稅加密時代

Hong Kong has made a groundbreaking move in the cryptocurrency market, launching Bitcoin exchange-traded funds (ETFs) that have sparked a surge of optimism among investors.

香港在加密貨幣市場上取得了突破性進展，推出了比特幣交易所交易基金（ETF），引發了投資者的樂觀情緒。

Unlike their US counterparts, which have faced net outflows, Hong Kong's ETFs adopt an in-kind subscription model. This unique approach allows investors to directly exchange assets for fund units, significantly reducing tax implications.

與面臨資金淨流出的美國ETF不同，香港ETF採用實物認購模式。這種獨特的方法允許投資者直接將資產換成基金單位，從而顯著減少稅收影響。

Adam Back, CEO of Blockstream, hailed Hong Kong's ETF model as a beacon of tax efficiency, praising its in-kind entry/exit system. This feature attracts capital without the risk of bankruptcy-related selling, ensuring a continuous and vibrant market.

Blockstream 執行長 Adam Back 稱讚香港的 ETF 模式是稅收效率的燈塔，並讚揚其實物進入/退出系統。這項功能可以吸引資金，而無需承擔破產相關出售的風險，從而確保市場持續活躍。

Analysts are bullish on the growth potential of Hong Kong's Bitcoin ETFs. Rebecca Sin of Bloomberg Intelligence estimates $1 billion in inflows over the next two years, a figure that Harvest Global CEO Han Tongli considers conservative given Hong Kong's diverse investor base.

分析師看好香港比特幣 ETF 的成長潛力。彭博資訊(Bloomberg Intelligence) 的麗貝卡·冼(Rebecca Sin) 估計，未來兩年將有10 億美元的資金流入，嘉實環球(Harvest Global) 首席執行官韓同立(Han Tongli) 認為，考慮到香港多元化的投資者基礎，這一數字較為保守。

Amidst news of US ETF outflows totaling $51 million on April 29th, attention is shifting to the potential role of China. Gabor Gurbacs of VanEck believes China's approval likely lies behind Hong Kong's ETF launch, signaling an intensifying East-West competition in Bitcoin investments.

4 月 29 日，有消息指出美國 ETF 資金流出總額達 5,100 萬美元，人們的注意力開始轉向中國的潛在角色。 VanEck 的 Gabor Gurbacs 認為，中國的批准可能是香港 ETF 推出的原因，這表明東西方在比特幣投資方面的競爭正在加劇。

The debut of Hong Kong's Bitcoin ETFs signifies a seismic shift in the global cryptocurrency landscape, offering investors a new avenue to participate in the evolving digital asset market.

香港比特幣 ETF 的推出標誌著全球加密貨幣格局發生了巨大變化，為投資者提供了參與不斷發展的數位資產市場的新途徑。

Experts believe that Hong Kong's ETFs will attract a wide range of investors, from those seeking diversification to those who believe in the long-term potential of Bitcoin. The city's established financial infrastructure, coupled with its tax-advantaged ETF structure, makes it an ideal hub for cryptocurrency innovation.

專家認為，香港的ETF將吸引廣泛的投資者，從尋求多元化的投資者到相信比特幣長期潛力的投資者。該市成熟的金融基礎設施，加上稅收優惠的 ETF 結構，使其成為加密貨幣創新的理想中心。

The launch of Hong Kong's Bitcoin ETFs is a significant milestone in the development of the cryptocurrency market. It sets a new precedent for tax-efficient investing in Bitcoin and is poised to fuel further growth in the industry.

香港比特幣ETF的推出是加密貨幣市場發展的重要里程碑。它為比特幣的節稅投資開創了新的先例，並有望推動該行業的進一步成長。

As the global regulatory environment for cryptocurrencies continues to evolve, Hong Kong's proactive stance in embracing Bitcoin ETFs is a testament to its commitment to innovation and its role as a global financial center.

隨著全球加密貨幣監管環境不斷發展，香港積極擁抱比特幣ETF的立場證明了其對創新的承諾及其作為全球金融中心的地位。