Скачать или смотреть Paving The Way For Retail Access To Spot Virtual Assets Funds In Hong Kong

Although the Securities and Futures Commission of Hong Kong (SFC) has yet to authorise investment funds that invest directly in virtual assets[1] (VA), the SFC has always recognised the rapidly evolving VA landscape and the increasing popularity and demand for investment products providing exposure to VA, including VA-related ETF. As early as October 2022, the SFC started accepting applications for ETFs that obtain exposure to VA primarily through futures contracts. As a major boost to Hong Kong’s fast-growing VA ecosystem, the SFC issued a new Circular on SFC-authorised funds with exposure to virtual assets on 22 December 2023 (Circular) (which supersedes the October 2022 version) to pave way for the authorisation of investment funds with exposure of more than 10% of their net asset value to VA, enabling retail access to funds with exposure to VA.

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