Hong Kong Securities and Futures Commission: Virtual asset spot ETF can only be traded on futures trading platforms regulated by the Securities and Futures Commission.

According to an official announcement from BlockBeats on December 23, the Hong Kong Securities and Futures Commission stated in its updated Joint Statement on Virtual Asset-Related Activities of Intermediaries that virtual asset futures trading is only allowed on traditional regulated futures trading platforms. In addition, management companies must demonstrate (i) sufficient liquidity of relevant virtual asset futures, (ii) controllable extension costs of relevant virtual asset futures, and (iii) how to manage such rolling costs.