Hong Kong: Ready to accept spot cryptocurrency ETF applications
Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority have reviewed the current policies for intermediary institutions wishing to engage in virtual asset related activities. In addition to existing cryptocurrency futures ETFs, the SFC stated that it is "prepared to accept authorization applications for other funds involved in virtual assets, including virtual asset spot trading exchange traded funds (VA spot ETFs)." In another notice released today, the SFC stipulated the requirements for funds to "directly invest in the same spot VA tokens that the Hong Kong public can trade on virtual asset trading platforms (VATPs) licensed by the SFC."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
With XRP Under Pressure, Major Investors Shift Focus to this Rising Altcoin
Fermion Protocol Redefines Luxury Ownership with $1M Dolce & Gabbana Glass Suit Fractionalization
Why Altcoins Can’t Make the Expected Mega Bullish Move? Analyst Reveals the Main Reason
While Bitcoin is trading near all-time highs, why are many altcoins nowhere near record highs?
Spot Litecoin ETF Under SEC Review Added to DTCC List – What Does It Mean?
Canary's spot Litecoin ETF has been included in the DTCC's ETF list.
Trending news
MoreCrypto prices
More
