According to Odaily, 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 about the possibility of allowing leveraged and inverse (L&I) cryptocurrency ETFs, SFC Chief Executive Officer Julia Leung stated that the commission would consider the volatility of the assets. If the volatility is not significant, the SFC may approve the issuance of such leveraged and inverse products. Additionally, Leung mentioned that the SFC is set to issue a circular permitting issuers to launch ETFs based on alternative investments, with appropriate investor protections in place.