Hong Kong is considering paving the way for retail investors to participate in spot cryptocurrency exchange-traded funds (ETFs).
Hong Kong, which continues its efforts to become a cryptocurrency center with firm steps, individual customers plans to allow spot cryptocurrency ETF investments.
Chairman of the Hong Kong Securities and Futures Commission (SFC) Julia Leung In a statement to Bloomberg, he stated that evaluations of such participation are ongoing. new risks He also emphasized that it should be taken into consideration.
In his statement on the subject, Leung made the following statements regarding the inclusion of individual investors in the spot cryptocurrency ETF:
We are evaluating whether participants can individually invest in a spot cryptocurrency ETF. We welcome proposals that use innovative technology that increases efficiency and customer experience. We’re happy to try this as long as new risks are addressed. Our approach is consistent regardless of entity.
Although the process on this issue is currently at the evaluation stage, if the plans are implemented, Hong Kong will offer a spot cryptocurrency ETF to individual investors. first country will be.
Currently in Hong Kong Samsung Bitcoin futures ETF, CSOP Bitcoin futures ETF And CSOP Ethereum futures ETF A total of 3 different futures ETFs operate, including:
SFC will be able to participate in the spot cryptocurrency ETF with the update it made to its guide on cryptocurrencies last month.investor range had expanded.