Even before the debut of Bitcoin and Ether ETFs in Hong Kong on April 30, the concept of ETFs had garnered considerable attention within the financial industry. However, despite the anticipation surrounding their launch, many industry analysts expressed skepticism regarding the potential market impact, particularly due to the relatively smaller size of the Hong Kong ETF market compared to those in the United States and mainland China.

Prior to the launch, industry analysts had tempered expectations, citing the significant size disparity between the Hong Kong ETF market and its counterparts in the United States and mainland China. Bloomberg data revealed that certain Hong Kong-based subsidiaries of mainland Chinese companies held assets that were 1,400% larger in the mainland Chinese market compared to the local Hong Kong market. This discrepancy underscored the relatively limited scale of the Hong Kong ETF market in comparison to its counterparts.

According to Bloomberg data, the combined assets of all Hong Kong ETFs represented a mere fraction, approximately 0.6%, of the vast U.S. ETF market. This statistic further highlighted the subdued influence of the Hong Kong ETF market on the global financial landscape, suggesting that the launch of Bitcoin and Ether ETFs in Hong Kong may not significantly sway broader market dynamics.

While the introduction of Bitcoin and Ether ETFs in Hong Kong marked a notable milestone, the relatively modest size of the local ETF market tempered expectations regarding their immediate impact. Despite their launch, the broader implications for the global ETF landscape remained subject to the dominance of larger markets such as those in the United States and mainland China.