OSL Executive Director and Head of Regulatory Affairs Gary Tiu weighs in on the state of spot bitcoin and ether ETFs in Hong Kong and how long it will take for the products to reach the final stage of approval, and be available for traders.
Do you think that we're going to see the same price action we saw back in January when the US ETF S were approved? E even though Sure in Hong Kong, it's a, it's a much shorter time. But for the managers, managers to spend so much time and money on a new product, they see an upside. They, they, they see demand for the product and ETF S are very expensive to set up.
Um you know, if you spend months or in the, in the case of the US, if you spend years building the infrastructure, you're not just doing one product, you're doing a pipeline of products. And, and I think the managers are definitely looking at that pipeline. I wanna back up a little bit. OS L is a sub custodian for some of the issuers who have received an in principle approval in Hong Kong. That's a little bit different than how things are over here in the United States.
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