On September 4th, according to Caixin website, Weng Xiaoqi, CEO of New Fire Technology, stated that DAT, cryptocurrency ETFs, and traditional virtual asset exchanges all essentially provide entry points for funds to enter cryptocurrency trading; before the appearance of cryptocurrency ETFs, exchanges were mainstream, but now the medium for cryptocurrency trading is evolving towards a lighter weight approach, with DAT currently being the lightest weight way for traditional investors to enter the cryptocurrency world.
A senior digital asset investor who wished to remain anonymous told Caixin that although Hong Kong's DAT is also available, after communicating with the Hong Kong regulatory authorities, it was found that Hong Kong does not have a high level of acceptance for this direction, and market participants may still need to lobby local regulators.
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