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<p class="is-style-lead">The Hong Kong Stock Exchange has accepted the Hong Kong Securities and Futures Commission’s decision to list crypto spot ETFs.</p>
<p>The Hong Kong Stock Exchange’s (HKEX) Head of Equities Product Development, Brian Roberts, <a href="https://cn.investing.com/news/stock-market-news/article-2277443" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> the exchange’s readiness to capitalize on the opportunities presented by ETF investing. Roberts noted that HKEX is well-prepared to work closely with issuers and other stakeholders to introduce this new ETF product. He emphasized that this development will add more diversity and choice to the market, further enhancing Hong Kong’s attractiveness and competitiveness as an international financial center.</p>
<p>You might also like: <a href="https://crypto.news/sec-met-multiple-spot-bitcoin-etf-applicants-on-dec-21/" rel="noopener noreferrer nofollow"> SEC met multiple spot Bitcoin ETF applicants on Dec. 21 </a></p>
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   <p lang="en" dir="ltr">The Hong Kong Stock Exchange said it welcomes the announcement by the Hong Kong Securities and Futures Commission, making Hong Kong the first market in Asia to allow the listing of virtual asset spot ETFs, strengthening Hong Kong's position as the leading digital asset center in… <a href="https://t.co/jXyGdJ6uGg" target="_blank" rel="noopener noreferrer nofollow">https://t.co/jXyGdJ6uGg</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1738208200141549848?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 22, 2023</a>
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<p>Previously, the Hong Kong Securities and Futures Commission’s (SFC) activities in virtual assets were limited to accredited investors. However, they have recently expanded their scope to enable a broader range of investment products. This includes granting permission for virtual asset futures ETFs to conduct initial public offerings (IPOs) in Hong Kong and allowing virtual asset trading platforms to operate with retail investors.</p>
<p>One notable aspect of this development is the readiness of the SFC and HKMA to accept applications for <a href="https://crypto.news/hong-kong-signals-willingness-to-greenlight-crypto-spot-etfs/" rel="noopener noreferrer nofollow">crypto spot ETFs</a>. Intermediaries distributing products related to virtual assets must follow the specific standards of conduct outlined in the circular, ensuring additional safeguards for investors due to the complexity of these products.</p>
<p>Read more: <a href="https://crypto.news/paxos-expands-stablecoin-issuance-to-solana/" rel="noopener noreferrer nofollow"> Paxos expands stablecoin issuance to Solana </a></p>

Hong Kong Stock Exchange to list crypto ETFs

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