Guosen Securities: The launch of bitcoin spot ETFs will promote bitcoin and other crypto assets to reach a larger capital market

Xu Weizhi of Guosen Securities (Hong Kong) Research Institute pointed out that the launch of Bitcoin spot ETFs will promote Bitcoin and other crypto assets to reach a larger group of investors, including qualified investors, institutional investors and retail investors, injecting great vitality into the crypto market, bringing more liquidity and accelerating the compliance process of the entire crypto industry. Hong Kong will also strengthen its position as the leading digital asset center in the region and support the continued development of Hong Kong as the preferred ETF market in Asia.