香港加密货币 ETF 资产预计将达到 10 亿美元

彭博社分析师已将之前对香港新批准的比特币和以太坊交易所交易基金 (ETF) 的流入预测修正为头两年内 10 亿美元。尽管此前保守估计为 5 亿美元，但这种看涨前景反映了人们对这些 ETF 的浓厚兴趣，尽管由于中国禁止加密货币相关活动，中国投资者仍然面临挑战。

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

香港新批准的加密货币 ETF 预计将吸引 10 亿美元资产

Analysts Upgrade Projections Amidst Growing Interest in Digital Assets

随着人们对数字资产的兴趣日益浓厚，分析师上调了预测

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.

彭博社分析师修改了之前对香港最近批准的比特币和以太坊交易所交易基金 (ETF) 的资金流入估计，预计在运营的最初两年内将有 10 亿美元的资金流入。

Chinese Investors' Limited Accessibility

中国投资者的准入有限

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，彭博社的高级 ETF 分析师埃里克·巴尔丘纳斯 (Eric Balchunas) 预计，这些基金在同一时期将吸引约 5 亿美元的资金流入。然而，由于人们对加密货币的兴趣日益浓厚，并且预计合格投资者的参与会增加，这一估计已被上调。

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.

可能限制这些 ETF 准入的一项潜在挑战是对中国投资者的限制。中国对加密货币交易保持严格的监管，禁止境内投资者直接参与相关活动。为了规避这一限制，一些中国投资者可能会尝试利用5万美元的汇款额度来投资这些ETF。

Regulatory Hurdles and Investment Viability

监管障碍和投资可行性

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，由于汇款配额的功能有限以及机构投资者可能遇到的潜在监管障碍，这种投资策略的可行性仍不确定。尽管面临这些挑战，分析师仍然对香港加密货币 ETF 的长期前景保持乐观，预测它们最终将吸引大量兴趣，并在头两年内达到 10 亿美元的管理资产 (AUM)。

Strong Foundation for Crypto ETFs' Success

加密货币 ETF 成功的坚实基础

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.

分析师表示，要实现这一里程碑，香港的金融基础设施和生态系统将得到显着增强。目前，亚太地区的比特币 ETF 资产管理规模约为 2.5 亿美元，资金分布在 5 个 ETF 中，其中 3 个位于香港，2 个位于澳大利亚。

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 比特币期货 ETF，其资产管理规模达 1.21 亿美元。在准备在香港推出现货 ETF 的三家公司中，博时和嘉实合计管理着 9 只 ETF，价值 5,000 万美元。华夏基金拥有由 15 只 ETF 组成的庞大投资组合和 36 亿美元的资产管理规模，预计其现货加密 ETF 的推出将产生相当大的影响。

Hong Kong's Crypto Leadership

香港的加密货币领导地位

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.

香港批准比特币和以太坊 ETF，进一步巩固了该地区作为亚洲加密货币采用领导者的地位。此举被视为数字资产被主流接受的积极一步，并为投资者提供了接​​触新兴加密货币市场的新途径。

Industry Experts Weigh In

行业专家参与讨论

"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."

彭博社高级 ETF 分析师 Eric Balchunas 表示：“加密 ETF 在香港获得批准是该行业的重大发展。” “这表明机构对加密货币的兴趣日益浓厚，并可能为更广泛的采用铺平道路。”

"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 记者 Oluwapelumi Adejumo 补充道：“虽然仍有一些挑战需要克服，特别是在中国投资者的参与方面，但这些 ETF 的长期前景是光明的。”