TechFlow reported, citing The Block, that Yat Siu, co-founder of Animoca, said regulatory clarity in Asia and openness to capitalist pursuits could amplify the impact of the U.S. spot Bitcoin ETF approval on the region.
Regional experts suggest Hong Kong could become the next hub in Asia to launch spot cryptocurrency ETFs.
Brian Hoonjong Baik, co-founder and COO of cryptocurrency management platform SmashFi, supports the view that the U.S. spot Bitcoin ETF approval will significantly impact Asia: "Since the early days of Bitcoin, Asian investors have been more risk-tolerant than their Western counterparts. ETFs represent a perfect convergence between crypto and regulation, alleviating concerns among institutional investors who have long sought a legitimate way to build cryptocurrency portfolios."
