Ding Chen, president of Southern Asset Management Co., Ltd., recently revealed some new trends about virtual asset ETFs in an interview with Bloomberg. It is reported that Southern Asset Management failed to become the first entity to launch virtual asset ETFs in Hong Kong, which is a bit regretful.
Ding Chen said that although Southern Asset Management has not been able to launch virtual asset ETFs as expected, they are still working closely with various institutions and partners to successfully launch this product. She pointed out that launching virtual asset ETFs is not an easy task and requires the joint efforts of asset management companies, custodians, market makers and other parties. At present, some counterparties are not fully prepared.
However, Ding Chen also said that once it is fully prepared, Southern Asset Management will actively launch related products. The launch of virtual asset ETFs will not only provide investors with more diversified investment options, but will also help further promote the development of the digital asset market.
