Balchunas on Hong Kong ETF

According to Bloomberg ETF analyst Eric Balchunas, Hong Kong's newly launched Bitcoin and Ethereum ETFs have seen impressive inflows on their first day of trading. In a recent note, Balchunas reported that these ETFs collectively raised $292 million in assets, far exceeding the initial prediction of $1 billion within two years. 

He got to 30% of his 2 year target on the first day!!!! 

I did say they got money over there :D 

However, Balchunas cautioned that market corrections could potentially impact the trajectory of these ETFs, as observed in the US market.