Hong Kong's Virtual Asset ETFs Surpass $300 Million in Managed Assets

According to Odaily, Hong Kong's virtual asset ETFs have seen a significant increase, with total managed assets exceeding $300 million. This development has brought a new opportunity for growth in the financial market. Since their listing, the daily transaction volume of the six virtual asset ETFs has reached an impressive 20 million Hong Kong dollars. Over the past year, the development of virtual assets and Web3 in Hong Kong has been rapid. The region has been exploring models suitable for its unique characteristics, ranging from VATP, Hong Kong dollar stablecoins, VAOTC, tokenization, and RWA, to virtual asset spot ETFs. In terms of stablecoins, Hong Kong has chosen a different regulatory approach compared to countries like Singapore and Japan. Instead of incorporating them into the payment system, Hong Kong has chosen to regulate them by imposing new licenses. This represents an innovative approach at the regulatory level.