Hong Kong Finance Secretary Highlights Flexibility for the City’s 6 Spot Crypto ETFs
Hong Kong’s finance secretary, Christopher Hui, highlighted the flexibility offered by the in-kind subscription and redemption feature of the city’s six spot crypto exchange-traded funds (ETFs) as part of Hong Kong’s ongoing effort to establish itself as a regional cryptocurrency hub.
This innovation gives investors greater flexibility when subscribing to and redeeming units of these ETFs.
During his recent European visits, Hui promoted Hong Kong’s Web3 policies and the city’s unique financial advantages. He emphasized that the government has implemented comprehensive regulations for crypto and tokenization, showcasing Hong Kong’s readiness to embrace the evolving digital asset landscape.
These developments align with global trends toward efficient, low-cost payment solutions and sustainable economic transformation through green finance.
Hui stated that the in-kind subscription and redemption feature of the city’s six spot crypto exchange-traded funds offers investors more flexibility as Hong Kong continues its drive to become a regional cryptocurrency hub.
Hui promoted Hong Kong’s web3 policies during his visits to several European forums last week, adding that the government has implemented a series of regulations for crypto and tokenization . Hui said,
“In terms of product innovation, the first batch of six virtual asset spot ETFs in Asia were listed in Hong Kong in April. Notably, Hong Kong pioneered an in-kind redemption mechanism that offers investors greater flexibility when subscribing to and redeeming units of virtual asset ETFs.”
However, the performance of the spot crypto ETFs in Hong Kong seems to pale compared to that of their U.S. counterparts.
According to data from The Block, the three Hong Kong
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