Guosen Securities: The launch of Bitcoin spot ETF will drive Bitcoin and other cryptocurrencies to reach a larger capital base

Xu Weizhi from Guoxin Securities (Hong Kong) Research Institute pointed out that the launch of Bitcoin spot ETF will drive cryptocurrencies like Bitcoin to reach a larger capital base, including qualified investors, institutional investors and retail investors. This will inject tremendous vitality into the crypto market, bring more liquidity, and accelerate the compliance process of the entire crypto industry. Meanwhile, Hong Kong will also strengthen its position as a leading digital asset center in the region and support its continuous development as Asia's preferred ETF market.