Zhu Haokang : Based mostly on the evaluation of varied components, we imagine that cryptocurrency ETFs will likely 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, 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 imagine that Hong Kong’s regulatory framework is comparatively clear, and the issuance of Bitcoin and Ethereum ETF merchandise supplies nice comfort. Seventh level, we imagine that Hong Kong, as a world monetary heart, will entice extra Chinese language buyers to commerce throughout Asian time durations, enhance market liquidity, and carry out higher than related merchandise in Europe or Canada.