About ten fund companies are preparing to launch virtual asset spot ETFs in Hong Kong

As 13 Bitcoin spot ETFs are waiting for approval from the U.S. Securities and Exchange Commission (SEC), Livio Weng, Chief Operating Officer of HashKey Group, revealed in an interview that about ten fund companies are currently preparing to launch virtual asset spot ETFs in Hong Kong, and seven or eight of them are already in the actual promotion stage.

Prior to this, the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority issued a circular in December 2023, stating that they are ready to accept applications for virtual asset spot ETFs. This means that Hong Kong is becoming the first market in Asia to allow virtual asset spot ETFs to be listed.