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Hong Kong Securities and Futures Commission: We believe that fund companies applying for virtual asset ETFs will submit applications to the Hong Kong Stock Exchange next

Some fund companies have expressed that they have received conditional and principle approval from the Hong Kong Securities and Futures Commission for virtual asset spot ETFs. When queried by Hong Kong media, the Hong Kong Securities and Futures Commission stated that investment products recognized by the Commission will be listed on the list of publicly available investment products on its website. The Hong Kong Securities and Futures Commission further pointed out that if the applied ETF product roughly meets the Commission's requirements, a conditional authorization will be issued, but various conditions must still be followed, including paying relevant fees, submitting documents, and obtaining approval from the Hong Kong Stock Exchange for listing. It is believed that the fund companies that have applied will submit their applications to the Hong Kong Stock Exchange for the next step.


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