Jia Shi CEO: The response to the virtual asset spot ETF exceeds expectations, with development potential higher than that of the United States

ChainCatcher news, Han Tongli, CEO and Chief Investment Officer of Harvest International, stated that the market's response to the subscription of virtual currency spot ETFs is enthusiastic, even exceeding his expectations.

He explained that he originally anticipated a slow development and subscription process for Hong Kong's virtual asset spot ETFs, but in reality, the subscription volume on the first day was higher than expected. He believes that Hong Kong's financial and legal systems can seamlessly integrate with global markets, and with the ability to accept physical subscriptions and redemptions, the design is advanced. He anticipates that the potential for virtual asset development in Hong Kong may even surpass that of the United States.

He candidly mentioned that the spot ETF products issued by the company this time are not intended to be profitable, and they do not plan to make money from this product. The primary purpose of issuing this product is to lay the "first brick" for connecting the traditional finance and crypto finance ecosystems, with the intention of profiting from it later, rather than just earning a profit from a single product.