Hong Kong to Consider Retail Investor Access to Spot Crypto ETFs

Hong Kong's Securities and Futures Commission (SFC) is considering allowing retail investors access to spot crypto ETFs. The head of the department, Julia Leung, stated this in an interview with Bloomberg.

The official explained the initiative by interest in “offers using innovative technologies that increase efficiency and quality of customer service.”

“We will be happy to implement this while eliminating the risks. Our approach is consistent regardless of the asset,” she explained.

In October, the SFC updated its VASP guidance, expanding the range of investors to participate in crypto ETFs#etf #USDT #Bitcoin-ETF