An official at Hong Kong’s financial sector regulator, the Securities and Futures Commission, said on Monday the institution is actively seeking to build a regime to allow digital asset-based exchange-traded funds (ETFs) to be publicly listed and traded in the city.
See related article: Can ETFs in Australia do for Bitcoin what they did for gold trading?
Fast facts
-
A circular will be issued later on Monday to reveal more details about the plan, said the SFC’s deputy chief executive officer, Julia Leung.
-
ETFs are a form of pooled securities that track specific assets, which can be a basket of stocks or bonds covering an industrial sector, a single commodity or other investments.
See related article: Bitcoin ETFs beckon as SEC spurns sweet spot
