The Securities and Futures Commission (SFC), Hong Kong’s securities regulator, is reportedly considering regulatory amendments to allow retail investors access to funds investing in crypto ETFs. Currently, funds with exposure to crypto can only be offered to “professional investors”, which restricts investment by individuals to those with at least HK$8 million. The move reportedly follows the SFC’s recognition of crypto’s move into the mainstream. Crypto ETFs do not trade in Hong Kong, but are available offshore, principally in Canada where they trade mainly on the Toronto Stock Exchange. The US is yet to allow ETFs to hold physical crypto.
CH-019354 (Webpage Portal) 2021-11-16 (Published) 2021-11-15 (Updated)