Investing Updates : SGX CEO rejects Bitcoin ETFs

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.

https://www.reuters.com/business/finance/sgx-has-no-immediate-plans-allow-crypto-listings-ceo-says-2024-07-09/