Director of the Hong Kong Youth Current Affairs Commentators Association: Hope to establish a cryptocurrency index exclusively for Hong Kong on the Hong Kong Stock Exchange

Golden Finance reported that Feng Peixian, director of the Hong Kong Youth Current Affairs Commentators Association, said that Hong Kong has actively developed Web 3.0 in recent years to help Hong Kong develop and transform. The most noteworthy thing about this virtual currency ETF is that Hong Kong is the first city in the world to accept spot ETFs. As a cryptocurrency with a scale close to BTC, ETH has advantages in ETFs. If investors do not prefer to invest in BTC ETFs, they can still choose to invest in ETH ETFs, which can be said to be more diversified than the United States. It is expected that this batch of virtual currency ETFs will attract more funds to invest in Hong Kong and expand investment to other products. In the long run, more companies will be encouraged to establish ETFs, allowing Hong Kong to step back on the investment peak. In the future, when virtual currency ETFs mature, it is expected to be included in the interconnection. At present, all cryptocurrency spot ETFs listed in Hong Kong track the Chicago Mercantile Exchange (CME) CF BTC Index and the CME CF ETH Index. Some people believe that even if you invest in ETFs listed in Hong Kong, it will help push up the CME CF index. If the ETFs listed in Hong Kong have a large enough base in the future, it is expected that a cryptocurrency index exclusive to Hong Kong can be established on the Hong Kong Stock Exchange to track the Hong Kong cryptocurrency index as an investment target, helping Hong Kong become the Hong Kong cryptocurrency trading center.