Hong Kong Mulls Allowing Spot Crypto ETFs in Pursuit of Asia Hub
- SFC head says Hong Kong open to wider access to digital assets
- City also trying to foster an ecosystem for tokenized products
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Hong Kong is assessing whether to allow exchange-traded funds that invest directly in crypto as officials step up efforts to create an Asia-Pacific digital-asset hub while tackling the fallout of the JPEX scandal.
The city is weighing retail-investor access to such spot ETFs providing regulatory concerns are met, Securities and Futures Commission Chief Executive Officer Julia Leung said.