Hong Kong SFC: Total market value of virtual asset spot ETFs reaches HK$5.47 billions, tokenized fund size surges

The Hong Kong Securities and Futures Commission released its quarterly report, stating that as of the end of November, the total market value of spot virtual asset ETFs recognized by the Hong Kong SFC increased by 33% year-on-year to HKD 5.47 billion, and the number of products rose to 11. Since the launch of tokenized retail money market funds recognized by the Hong Kong SFC this year, the assets under management increased by 557% year-on-year to HKD 5.48 billion as of the end of November, with the number of funds rising to 8. In addition, in August, the Hong Kong SFC and the Hong Kong Monetary Authority jointly reminded investors to pay attention to market volatility related to the stablecoin concept.