OSL Executive Director and Head of Regulatory Affairs: Hong Kong Cryptocurrency ETF Faces Systemic Market Obstacles
Gary Tiu, OSL's Executive Director and Head of Regulatory Affairs, stated that Hong Kong's Cryptocurrency Spot exchange-traded funds face systemic obstacles, namely a general lack of incentives for ETFs in the market, according to a report by Jinse Caijing. Tiu said that overall Hong Kong still holds a negative attitude towards BTC, Ether, and cryptocurrency. At the same time, there are still some biases in the eyes of regulatory agencies and financial institutions, who believe that BTC ETF is a unique risk category that requires extra caution
