TechFlow reported, according to Zhitong Caijing, Zhu Haokang, Head of Digital Asset Management and Family Wealth at China Asset Management (Hong Kong), stated that apart from Grayscale, the combined launch size of the other 10 U.S. spot Bitcoin ETF issuers reached $125 million on their first trading day, January 10. The initial launch规模 by the three issuers in Hong Kong will exceed this figure, with China Asset Management having the largest规模 among the three.
Compared to the U.S., Hong Kong's spot ETFs allow for cash and in-kind subscriptions and redemptions. China Asset Management’s ETF is the only one offering three trading counters—USD, HKD, and RMB—and is also the sole ETF issuer with non-listed shares. A significant number of traditional crypto investors have actively participated in its IOP (Initial Offering Period). Bitcoin miners, regional investors from areas outside Hong Kong such as Singapore and the Middle East, and local family offices have all expressed interest in investing in its ETF.
Analysts expect that the AUM (asset under management) of Hong Kong's spot Bitcoin and Ethereum ETFs could reach $1 billion, although achieving this target may depend on the pace of improvement in infrastructure and the ecosystem.
