TechFlow reports, according to the Hong Kong Wen Wei Po, Chan Pei-chuen of Hong Kong-based virtual asset broker Victory Securities stated that the U.S. approval of spot ETFs is seen as a crucial link between cryptocurrency and traditional exchanges, which will attract more investors to participate.
Although Hong Kong fund companies have not yet submitted formal applications, they are actively preparing. It is expected that as early as the first quarter of this year, multiple fund firms will express intentions to apply—or even successfully obtain approvals. The launch of spot crypto ETFs will allow investors to access cryptocurrency investments through familiar channels, while also providing insurance that boosts investor confidence. This move is also expected to encourage more brokers to apply for virtual asset trading licenses from the Securities and Futures Commission.
