• 29 September, 2024
ETF News Market News

FalconX: Hong Kong Crypto ETF AUM May Hit $1B by Year-End

David Lawant, Research Director at FalconX, remains optimistic about Hong Kong's cryptocurrency ETFs, forecasting they could hit $1 billion in assets under management (AUM) by year-end. Despite current AUM standing at $290.6 million and slow inflows compared to U.S. counterparts, Lawant attributes this to typical ETF growth patterns and low market volatility. He notes that while the goal may be more realistic by the end of 2025, the dynamic nature of cryptocurrencies keeps the $1 billion target achievable. Lawant emphasizes Hong Kong's significant role in the Asian crypto market, hinting at potential for substantial growth.

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