Wu said that according to the Sing Tao Daily, Chris Barford, head of data and analysis at EY Hong Kong Financial Services Advisory, said that currently mainstream brokerages are involved in the distribution of virtual asset spot ETFs, but no bank has listed them. The bank’s distribution still needs to wait for the approval of the relevant regulatory body, and the bank may need time to conduct internal evaluation. EY’s survey found that many institutional investors expect to increase their allocation to virtual assets in the next 2 to 3 years. If the assets under management exceed US$500 billion, most of them will invest about 1% of their assets in some form of virtual currency, and most family offices are also involved in virtual currencies.