The spot crypto exchange-traded fund (ETF) market in Hong Kong is anticipated to experience significant growth in the coming year, according to Leon Miller, CEO of Hong Kong-based digital asset company OSL.
"Hong Kong stands out as the only location in Asia with a live spot crypto ETF," Miller explained in an interview with The Block. "Despite the BTC spot ETF's underwhelming performance this year, we are optimistic about robust growth in 2023 due to a convergence of macroeconomic factors." Miller emphasized the "progressive" approach of the Hong Kong government toward crypto regulation and the rising interest from investors as key drivers behind the anticipated boom.

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