So we've all seen the rumors of BTC ETFs launching for HK. BTC ETFs existed prior to the US launch in Canada, and didn't do much. Here are some size comparisons.
Canada Stock Exchange size: 2.6 Trillion
https://www.theglobaleconomy.com/Canada/stock_market_capitalization_dollars/
US NYSE + Nasdaq size: 23Tn + 26 Tn = 49 Tn, about 25x larger than Canada.
https://en.wikipedia.org/wiki/Nasdaq
https://en.wikipedia.org/wiki/New_York_Stock_Exchange
Hong Kong Stock exchange size: $30.3 Trillion. 10x larger than Canada, 60% the size of the US.
Within 60 days or so, the US ETFs amassed a total of
https://etfdb.com/themes/bitcoin-etfs/
How much $ could move in to bitcoin via HK in the next 2 months? If it is 1:1 like the US, then about 60% of what the US flowed in, or about 60% of the current ~60Bn. So 36Bn, potentially.
https://www.theblock.co/data/crypto-markets/bitcoin-etf/spot-bitcoin-etf-assets-daily
There are capital restrictions on Chinese money, however. Apparently only HK$540Bn can be purchased by mainland Chinese. HKD are about 10% of the USD, so that is USD$45Bn that can be purchased, and apparently the last few years, mainland China has only purchased around 40Bn or so of HK sticks via some thing called SouthBound Stock Connect. So there is a limit of around 15-20Bn that can flow out of China into HK, assuming their purchases all stay relatively the same, and BTC is just extra.
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