According to a report from Wu Blockchain, the company behind the upcoming Hong Kong Bitcoin and Ethereum spot ETFs foresees a successful launch. The estimated initial scale of these ETFs is predicted to be between $200 million and $300 million on their first trading day, surpassing the debut scale of $125 million achieved by U.S. counterparts.

This news arrives after the recent approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC). Despite this, data suggests outflows from BTC ETFs in the U.S. market. The introduction of these Hong Kong-based ETFs, tracking the two largest cryptocurrencies globally, has the potential to disrupt the digital asset investment sector, indicating a growing demand for regulated crypto investment options across the world.

While the U.S. has made progress in adopting crypto ETFs, the anticipated success of Hong Kong's ETFs highlights the intense international competition in this emerging market.