AI Summarization
Singapore Exchange (SGX) CEO Loh Boon Chye recently stated that Singapore is not yet ready for Bitcoin ETFs. During a conference hosted by Reuters, he explained that the current ecosystem lacks the necessary support for such products, including demand, governance, and structure12. Despite the growing interest in cryptocurrencies and the approval of similar products in other regions, Loh emphasized that conditions in Singapore are not ripe for Bitcoin ETFs at this time34.
My Thoughts
- Will this be seen as a missed opportunity in future?
- Imo, we should take some risks and allow retail investors to hop on to Bitcoin ETFs.
- SGX needs some X factor to get the world interested in it.
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