Innovative Plan HashKey Group Operations Director Reveals Ten Fund Companies Preparing to Launch Virtual Asset Spot ETF in Hong Kong

According to a report from China’s Caixin website, Livio Weng, Chief Operating Officer of HashKey Group, revealed in an exclusive interview with Caixin that approximately ten fund companies are currently preparing to launch virtual asset spot ETFs in Hong Kong, with 7 to 8 of them already in the actual promotion stage. The Securities and Futures Commission (SFC) and the Monetary Authority (HKMA) of Hong Kong had previously disclosed in a joint circular on “Intermediaries’ Activities in Virtual Asset-Related Activities” issued in December 2023 that the SFC is “ready to accept applications for approval of other funds involving virtual assets, including virtual asset spot ETFs.”