Zhu Haokang : Based mostly on the evaluation of varied elements, we consider that cryptocurrency ETFs will probably be helpful 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 acquire 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 may even 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 gives nice comfort. Seventh level, we consider 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 comparable merchandise in Europe or Canada.
Bitcoin (BTC) and Ether (ETH) ETFs Launch in Hong Kong Tuesday: Interview With Key Executives
-
