According to Odaily, Loh Boon Chye, the CEO of the Singapore Exchange, has stated that the local ecosystem in Singapore is not yet prepared for a Bitcoin ETF (Exchange-Traded Fund). As time progresses and the ecosystem matures, the Singapore Exchange could be considered one of the most innovative exchanges or platforms in the world.
The Singapore Exchange was formerly known as the Singapore Securities Exchange, which was established on May 24, 1973. On December 1, 1999, the Singapore Securities Exchange (SES) merged with the Singapore International Financial Exchange (SIMEX) to form the Singapore Exchange.
The CEO's statement indicates that while the exchange is not currently ready to handle a Bitcoin ETF, there is potential for this to change in the future as the financial ecosystem in Singapore continues to develop and mature. This could position the Singapore Exchange as a leading innovator in the global financial market.