According to a report by Chinese media Caixin, Livio Weng, the CEO of HashKey Group, revealed in an interview with Caixin that currently, about ten fund companies are preparing to launch virtual asset spot ETFs in Hong Kong, and among them, 7 to 8 companies are already in the actual promotion stage.
The Securities and Futures Commission (SFC) and the Financial Services and the Treasury Bureau (FSTB) of Hong Kong had disclosed in a joint circular titled “Joint Circular on Intermediaries’ Activities in relation to Virtual Asset-related Activities” issued in December 2023 that the SFC is “ready to accept applications for the authorization of funds involving virtual assets, including virtual asset spot exchange-traded funds (ETFs)”.
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