Jason Jiang, a researcher at OKG Research, said that allowing physical redemption of virtual asset spot ETFs in Hong Kong not only increases the flexibility and inclusiveness of ETF products, but also has some arbitrage space, making it attractive not only to traditional financial investors, but also to the crypto investment community. However, increasing physical redemption will greatly increase product risk, as it involves on-chain processes such as Bitcoin and Ethereum spot to exchange, custo...