Zhu Haokang : Primarily based on the evaluation of assorted components, 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 trade. Third, funding channels have been expanded. Fourth, buyers might receive arbitrage alternatives between ETF costs and spot costs, permitting extra market makers and arbitrage buyers to actively take part. Fifth, with the passage of our crypto spot ETF, buying and selling components in conventional markets may even straight 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 offers nice comfort. Seventh level, we consider that Hong Kong, as a world monetary middle, will entice extra Chinese language buyers to commerce throughout Asian time durations, enhance market liquidity, and carry out higher than comparable merchandise in Europe or Canada.