"Hong Kong Financial Authorities Consider Introducing Virtual Asset Leverage and Inverse ETFs"

The Hong Kong Securities and Futures Commission (SFC) has announced it will consider introducing virtual asset (cryptocurrency) leverage and inverse exchange-traded funds (ETFs).

According to Ming Pao, a Hong Kong daily newspaper on the 15th, "The SFC recently held a virtual asset advisory committee meeting with cryptocurrency exchanges and discussed a roadmap for (industry) development," reporting that "The SFC will review new ETF products to improve virtual asset trading liquidity."

Leong Fung-yee, CEO of the SFC, stated, "If asset volatility is not significant, we will consider issuing virtual asset leverage and inverse ETF products."

The media added, "The SFC plans to release guidelines regarding ETFs based on altcoins (cryptocurrencies other than Bitcoin) and will also establish investor protection measures."