Hong Kong is considering allowing retail investors to trade spot crypto exchange-traded funds (ETFs), according to Julia Leung, the CEO of Hong Kong’s Securities and Futures Commission (SFC). This move signifies a potential change in the commission’s previous restriction on spot-crypto ETFs for retail investors. Hong Kong has been actively positioning itself as a crypto-friendly jurisdiction, implementing various initiatives to support the industry. These efforts include introducing a licensing framework for crypto exchanges, providing financial support for web3 development, and urging banks to treat crypto clients fairly. Hong Kong has already approved the operations of three cryptocurrency ETFs. While spot-based ETFs have gained attention globally, the US Securities and Exchange Commission (SEC) has yet to approve any applications for spot-based Bitcoin ETFs.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | ðŸ‡ðŸ‡° |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Julia Leung |
| Companies | BlackRock, Samsung, CSOP, U.S. Securities and Exchange Commission (SEC) |
| Currencies | Ethereum, Bitcoin |
| Securities | None |
