Regulation
Launch of Bitcoin (BTC) and Ether (ETH) ETFs Tuesday in Hong Kong: interview with key executives
Zhu Haokang : Based on the analysis of various factors, we believe that cryptocurrency ETFs will be beneficial for cryptocurrency prices. First, the Hong Kong spot crypto ETF market injects more liquidity into the crypto market. Second, accelerate industry compliance. Third, financing channels have been expanded. Fourth, investors can obtain arbitrage opportunities between ETF prices and spot prices, allowing more market makers and arbitrage investors to actively participate. Fifth, with the adoption of our spot crypto ETF, trading factors in traditional markets will also directly affect the cryptocurrency market. Sixth point, we believe that Hong Kong’s regulatory framework is relatively clear, and the issuance of Bitcoin and Ethereum ETF products provides great convenience. Seventh point, we believe that Hong Kong, as an international financial center, will attract more Chinese investors to trade during Asian periods, improve market liquidity and achieve better results than similar products in Europe or Canada.