ETF

Race to launch Hong Kong’s first retail crypto futures ETF begins

The narrow range of permissible assets is expected to make competition particularly fierce

Exchange traded fund providers are busy working towards submitting applications to launch retail-oriented crypto futures ETFs after the local regulator announced it would open the door to such products.

Being among the first to list a retail crypto futures ETF on the local bourse will be particularly critical to the success of the product, given the narrow range of permissible underlying assets outlined in a Securities and Futures Commission circular, experts said.

The announcement created “a lot of interest, a lot of noise”, according to Rocky Mui, Hong Kong-based partner at legal firm Clifford Chance who has worked closely with issuers in the ETF industry.

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