Bloomberg Intelligence senior analyst Eric Balchunas confirmed that trading should begin at the end of this month. He stressed that fund management fees will range from 0.3% to 0.99% – lower than expected level.
According to another Bloomberg Intelligence analyst, Rebecca Shin, one should not expect the success of such funds in the United States to be repeated in Hong Kong. The expert emphasized that spot ETFs will be able to attract no more than $1 billion.
However, local funds have their advantages, said Thomas Zhu, head of digital assets at ChinaAMC. Redemption of shares in the form of cryptocurrencies attracts holders and offers quick conversion of assets into regulated ETFs, he said. Therefore, we should expect strong demand for such investment products.
Earlier, the investment company Grayscale filed an application with the SEC to create a new product called Ethereum Mini Trust.
Source: Bits
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