香港加密貨幣 ETF 資產預計將達到 10 億美元

彭博分析師已將先前對香港新批准的比特幣和以太坊交易所交易基金 (ETF) 的流入預測修正為前兩年內 10 億美元。儘管先前保守估計為 5 億美元，但這種看漲前景反映了人們對這些 ETF 的濃厚興趣，儘管由於中國禁止加密貨幣相關活動，中國投資者仍然面臨挑戰。

Hong Kong's Newly Approved Crypto ETFs Expected to Attract $1 Billion in Assets

香港新批准的加密貨幣 ETF 預計將吸引 10 億美元資產

Analysts Upgrade Projections Amidst Growing Interest in Digital Assets

隨著人們對數位資產的興趣日益濃厚，分析師上調了預測

Bloomberg analysts have revised their previous estimates for the inflows into Hong Kong's recently approved Bitcoin and Ethereum exchange-traded funds (ETFs), anticipating a significant influx of $1 billion within the initial two years of operation.

彭博分析師修改了先前對香港最近批准的比特幣和以太坊交易所交易基金 (ETF) 的資金流入估計，預計在營運的最初兩年內將有 10 億美元的資金流入。

Chinese Investors' Limited Accessibility

中國投資者的准入有限

Initially, Bloomberg's senior ETF analyst, Eric Balchunas, had projected the funds to gather approximately $500 million in inflows over a similar period. However, this estimate has been revised upward due to the growing interest in cryptocurrencies and the anticipation of increased participation from qualified investors.

最初，彭博社的高級 ETF 分析師 Eric Balchunas 預計，這些基金在同一時期將吸引約 5 億美元的資金流入。然而，由於人們對加密貨幣的興趣日益濃厚，並且預計合格投資者的參與會增加，這項估計已被上調。

One potential challenge that could limit the accessibility of these ETFs is the restriction on Chinese investors. China has maintained strict regulations on cryptocurrency transactions, prohibiting domestic investors' direct participation in related activities. To circumvent this limitation, some Chinese investors may attempt to leverage the $50,000 remittance quota to invest in these ETFs.

可能限制這些 ETF 准入的一項潛在挑戰是對中國投資者的限制。中國對加密貨幣交易保持嚴格的監管，禁止境內投資者直接參與相關活動。為了規避這項限制，一些中國投資者可能會嘗試利用5萬美元的匯款額度來投資這些ETF。

Regulatory Hurdles and Investment Viability

監管障礙和投資可行性

However, the viability of this investment strategy remains uncertain due to the limited functionality of the remittance quota and potential regulatory hurdles that institutional investors might encounter. Despite these challenges, analysts remain optimistic about the long-term prospects of crypto ETFs in Hong Kong, predicting that they will eventually attract substantial interest and reach $1 billion in assets under management (AUM) within the first two years.

然而，由於匯款配額的功能有限以及機構投資者可能遇到的潛在監管障礙，這種投資策略的可行性仍不確定。儘管面臨這些挑戰，分析師仍對香港加密貨幣 ETF 的長期前景保持樂觀，預測它們最終將吸引大量興趣，並在前兩年內達到 10 億美元的管理資產 (AUM)。

Strong Foundation for Crypto ETFs' Success

加密貨幣 ETF 成功的堅實基礎

This milestone will require significant enhancements in Hong Kong's financial infrastructure and ecosystem, analysts say. Currently, Bitcoin ETFs in the Asia-Pacific region hold approximately $250 million in AUM, with funds distributed across five ETFs, three of which are based in Hong Kong and two in Australia.

分析師表示，要實現這一里程碑，香港的金融基礎設施和生態系統將顯著增強。目前，亞太地區的比特幣 ETF 資產管理規模約為 2.5 億美元，資金分佈在 5 個 ETF 中，其中 3 個位於香港，2 個位於澳洲。

The largest of these funds, the CSOP Bitcoin Futures ETF listed in Hong Kong, boasts $121 million in AUM. Among the three firms poised to introduce spot ETFs in Hong Kong, Bosera and Harvest collectively manage $50 million across nine ETFs. ChinaAMC, with its vast portfolio of 15 ETFs and $3.6 billion in AUM, is expected to have a considerable impact upon launching its spot crypto ETFs.

其中最大的基金是在香港上市的 CSOP 比特幣期貨 ETF，其資產管理規模達 1.21 億美元。在準備在香港推出現貨 ETF 的三家公司中，博時和嘉實合計管理 9 檔 ETF，價值 5,000 萬美元。華夏基金擁有由 15 檔 ETF 組成的龐大投資組合和 36 億美元的資產管理規模，預計其現貨加密 ETF 的推出將產生相當大的影響。

Hong Kong's Crypto Leadership

香港的加密貨幣領導地位

The approval of Bitcoin and Ethereum ETFs in Hong Kong further solidifies the region's position as a leader in cryptocurrency adoption in Asia. The move is seen as a positive step towards mainstream acceptance of digital assets and provides investors with a new avenue to gain exposure to the burgeoning crypto market.

香港批准比特幣和以太坊 ETF，進一步鞏固了該地區作為亞洲加密貨幣採用領導者的地位。此舉被視為數位資產被主流接受的積極一步，並為投資者提供了接​​觸新興加密貨幣市場的新途徑。

Industry Experts Weigh In

行業專家參與討論

"The approval of crypto ETFs in Hong Kong is a significant development for the industry," said Eric Balchunas, Bloomberg's senior ETF analyst. "It demonstrates growing institutional interest in cryptocurrencies and could pave the way for wider adoption."

彭博社高級 ETF 分析師 Eric Balchunas 表示：“加密 ETF 在香港獲得批准是該行業的重大發展。” “這表明機構對加密貨幣的興趣日益濃厚，並可能為更廣泛的採用鋪平道路。”

"While there are still some challenges to overcome, particularly regarding the participation of Chinese investors, the long-term prospects for these ETFs are promising," added Oluwapelumi Adejumo, a journalist at CryptoSlate.

CryptoSlate 記者 Oluwapelumi Adejumo 補充道：“雖然仍有一些挑戰需要克服，特別是在中國投資者的參與方面，但這些 ETF 的長期前景是光明的。”