Zhu Haokang : Primarily based on the evaluation of varied components, we consider that cryptocurrency ETFs can be useful to cryptocurrency costs. First, Hong Kong’s crypto spot ETF market injects extra liquidity into the crypto market. Second, speed up the compliance of the business. Third, funding channels have been expanded. Fourth, traders might get hold of arbitrage alternatives between ETF costs and spot costs, permitting extra market makers and arbitrage traders to actively take part. Fifth, with the passage of our crypto spot ETF, buying and selling components in conventional markets may also immediately have an effect on the cryptocurrency market. Sixth level, we consider that Hong Kong’s regulatory framework is comparatively clear, and the issuance of Bitcoin and Ethereum ETF merchandise supplies nice comfort. Seventh level, we consider that Hong Kong, as a global monetary heart, will appeal to extra Chinese language traders to commerce throughout Asian time durations, enhance market liquidity, and carry out higher than comparable merchandise in Europe or Canada.
