Hong Kong Securities and Futures Commission CEO Leung Fung-yee: Will consider approving virtual currency leverage and inverse ETFs when volatility is low

avatar
ODAILY
02-17
This article is machine translated
Show original
Odaily Odaily reported that the Hong Kong Securities and Futures Commission (SFC) has previously approved the listing of Bitcoin and Ethereum futures and spot exchange-traded funds (ETFs). When asked whether it would consider allowing the launch of virtual currency leveraged and inverse (L&Amp;I) ETFs, SFC Chief Executive Officer Alexa Lam said they would consider the volatility of the relevant assets, and if the volatility is not high, they would consider approving the issuance of related leveraged and inverse products. In addition, Lam also mentioned that the SFC is about to issue a circular allowing issuers to launch ETFs with alternative investments as their underlying assets, and there will be relevant investor protection measures.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments