Zhu Haokang : Primarily based on the evaluation of varied elements, we imagine that cryptocurrency ETFs might 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 receive 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 elements in conventional markets can even instantly have an effect on the cryptocurrency market. Sixth level, we imagine that Hong Kong’s regulatory framework is comparatively clear, and the issuance of Bitcoin and Ethereum ETF merchandise gives nice comfort. Seventh level, we imagine that Hong Kong, as a global monetary heart, will entice extra Chinese language traders to commerce throughout Asian time intervals, enhance market liquidity, and carry out higher than related merchandise in Europe or Canada.
