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