Hong Kong Lawmaker Urges Swift Introduction of Spot Crypto ETFs Following U.S. Approval

Hong Kong legislator Johnny Ng has called on the local government to swiftly introduce spot crypto exchange-traded funds (ETFs) after the U.S. approval of such financial products. Ng emphasized that the Securities and Futures Commission had previously signaled its readiness to accept applications for spot bitcoin ETFs. He urged Hong Kong to seize the opportunity to lead in the crypto space globally and solidify its position as a hub for virtual assets. Ng also stressed the importance of enhancing public education on virtual assets to raise awareness and prevent unlawful activities in the sector. (Source: The Block)