Understanding the Market | OSL Group falls by over 8% again, cumulative decline of over 35% in the past seven days. The listing of Hong Kong spot virtual asset ETF is a positive development

OSL Group fell by over 8% in the afternoon, with a cumulative decline of over 35% in the past seven trading days. As of the time of publication, it fell by 8.01% to HKD 7.01, with a turnover of HKD 19.7443 million. According to OSL data, in the first week of the listing of the first batch of spot virtual asset ETFs in Hong Kong, the asset management scale has exceeded HKD 2.4 billion. OSL Digital Securities Limited serves as the custodian and trading partner for the first batch of spot Bitcoin and Ethereum ETF virtual assets launched by Huaxia Fund (Hong Kong) and Harvest Global Investments (HGI), occupying 76% of the market share. Analysts predict that the asset management scale of Hong Kong spot Bitcoin and Ethereum ETFs is expected to reach USD 1 billion in the future, but whether this goal can be achieved may depend on the speed of improvement in infrastructure and ecosystem