The Tron blockchain founder expressed optimism about the approval of spot Bitcoin ETFs in the US, saying that Asian markets will be next.

Justin Sun is confident that this significant event will be an important stage in the development of the cryptocurrency market and will contribute to the recognition of cryptocurrencies at the international level, especially among large investment companies. Sun placed special emphasis on China, which, according to the businessman, could become a potential participant in the cryptocurrency ETF market. Sun suggested that other Asian countries, where interest in cryptocurrencies is growing, will follow the example of the United States.

“The approval of a Bitcoin ETF in the US proves that the cryptocurrency trend is unstoppable. In the near future, the Asian and Chinese markets will also take advantage of the new opportunity, and ultimately the number of Bitcoin users will reach 8 billion people worldwide (the size of the world's population – Bits.media),” wrote Justin Sun on the social network X.

Meanwhile, Hong Kong Legislative Council member Johnny Ng has already called on the authorities of this administrative region to consider the possibility of creating exchange-traded funds tied to Bitcoin. The deputy is confident that the appearance of these products will benefit both the local and international economies.

The politician believes it is important to introduce training in the use of virtual assets to increase people's awareness of Bitcoin and reduce the risk of illegal activities. Thanks to cryptocurrency ETFs, Hong Kong can become an international hub for virtual assets, strengthening investor confidence in this developing sector of the economy, Johnny Ng believes.

In December, Hong Kong's Securities and Futures Commission (SFC) and the local Central Bank announced their readiness to consider applications to launch spot cryptocurrency ETFs and publish special requirements for companies.