According to Foresight News, at the "2024 Hong Kong Web3 Carnival", ARK Invest CEO and Chief Investment Officer Cathie Wood said that American customers have realized the difference between Bitcoin ETFs and other products, and more and more institutions and investors are willing to invest.
She also said that there is uncertainty in U.S. crypto regulation, while the Hong Kong Monetary Authority provides a comprehensive management framework that allows commodities to be traded and has a regulatory mechanism. Regulatory transparency is crucial to technological development.
Cathie Wood believes that Hong Kong is different from the United States. Hong Kong's regulation is progressing very quickly. Hong Kong has a lot to learn from the United States in terms of asset tokenization. Hong Kong is the leader in global crypto regulation. Hong Kong's regulation has made blockchain technology develop faster in Hong Kong than in the United States, but this is a global game, and Hong Kong's Web3 practitioners are able to take advantage of regulatory arbitrage.
