Survey: About one-third of private wealth management institutions in Hong Kong expect to allocate up to 10% of virtual assets within the next five years
According to Jinshi News, the Private Wealth Management Association (PWMA) of Hong Kong released a survey on Friday showing that most private wealth management companies are taking a wait-and-see approach towards virtual assets. However, in recent years, the amount of cryptocurrency transactions in Hong Kong has surged. Coupled with gradually improving regulatory systems, about one-third of wealth management institutions expect their allocation ratio for virtual assets to be 6-10% within five years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 2.51 million ASTER transferred from an anonymous address, routed through intermediaries, and flowed into Aster
Ethereum Foundation: Ethereum is a "community ladder," and the Foundation is responsible for "keeping the ladder steady"
SOL Strategies will provide staking services for the VanEck Solana ETF