According to PANews, Wang Zhuofeng, managing director of CSOP Asset Management, said that Bitcoin is volatile, and coupled with the uncertainty of the US presidential election and Federal Reserve policy, investors hope to have simple hedging tools to deal with market uncertainties.

He believes that to promote the development of Hong Kong's digital asset ecosystem, it would be best to have locally regulated digital asset derivatives, which would not only enhance market liquidity and transparency, but also provide investors with more choices and opportunities.