The approval of the Hongkong ETF also has profound implications. If other Asian countries follow suit, what will happen?
After all, ETFs are a mature model, much more controllable than exchanges. The opposition party in South Korea has won the parliamentary elections. They are friendly and will be helpful for stablecoin legislation and ETF promotion.
Although Japan has abandoned negative interest rates, there is still a significant gap in the demand for yield differentials from pension and various social funds. The Nikkei and US stocks are already high, so new investment channels are needed. Is ETF on the agenda?
Singapore's Prime Lawrence Wong Shyun Tsai is about to take office. He is a conservative and may adopt a wait-and-see attitude towards the crypto market.
The Middle East has already begun to embrace the digital economy comprehensively, especially the emerging crypto market, which is a very good investment targets. Would it be more reasonable to start with secure and controllable ETFs?
Other Asian countries are about to face global liquidity injection. Gold and BTC ETFs are good firewalls.
When the difficulties pass, it will be the beginning of happiness.
