According to Wu, Huaxia Fund said that it is confident that the issuance scale of the first day of listing of the Hong Kong virtual asset spot ETF will exceed the issuance scale of the first day in the United States (US$125 million). At the same time, they are also confident that the transaction scale can exceed that of the United States. Many investors in Singapore, the Middle East and other places are very interested in physical subscriptions. In addition, the United States' recognition of Ethereum as a security does not affect Hong Kong, because Hong Kong has long defined Ethereum as not a security.