Hong Kong Securities and Futures Commission ("SFC") Chief Executive Leung Fengyi said in an interview with Bloomberg that the regulatory agency is evaluating cryptocurrency ETF investment products. According to Bloomberg, the Hong Kong government is actively building Hong Kong into the world's leading cryptocurrency center. The Hong Kong Securities and Futures Commission, as a regulatory agency, is considering whether to allow local retail investors to directly invest in cryptocurrency spot trading funds (ETFs).
Hong Kong Securities and Futures Commission chief executive Leung Fengyi said that Hong Kong is considering allowing retail investors to participate in such cryptocurrency spot ETFs if regulatory issues are met. "As long as the new risks are resolved, we are happy to try it. Our approach to all assets is Consistent." Liang also mentioned, "We welcome proposals that use innovative technologies to improve efficiency and customer experience."
Hong Kong currently allows futures-based cryptocurrency ETFs, but their adoption rate is modest compared to the overall size of the fund industry. Hong Kong currently lists futures ETFs such as Samsung Bitcoin Futures Active, CSOP Bitcoin Futures and CSOP Ether Futures ETFs , with total assets of approximately US$65 million.
