Board of Directors of the Hong Kong Youth Current Affairs Commentators Association: It is hoped that a Hong Kong-specific cryptocurrency index can be established on the Hong Kong Stock Exchange

Hong Kong Young Current Affairs Commentators Association Tung Peixian said that in recent years, Hong Kong has actively developed Web 3.0 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 it as a spot ETF. ETH, as a cryptocurrency with a scale close to BTC, has advantages in ETFs. If investors are not inclined to invest in BTC ETFs, they can still choose to invest in ETH ETFs, which is more diversified than in the United States.
It is hoped that this batch of virtual currency ETFs will attract more funds to invest in Hong Kong, and expand investment into other products. In the long run, more companies will be encouraged to set up ETFs, so that Hong Kong can set foot on the investment peak again. In the future, when the development of virtual currency ETFs matures, it is even more expected to be included in the interconnection. At present, all cryptocurrency spot ETFs listed in Hong Kong track the CF BTC index of the Chicago Mercantile Exchange (CME) and the CF ETH index of the CME Group. Some people believe that even investing in ETFs listed in Hong Kong will help push up the CF index of the CME Group. If the ETFs listed in Hong Kong have a large enough base in the future, it is hoped 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, and help