Hong Kong SFC Sets Requirements for Crypto Futures ETF Listings
Hong Kong SFC Introduces Requirements for Crypto Futures ETFs
The Securities and Futures Commission (SFC) of Hong Kong has established specific requirements for entities aiming to list exchange-traded funds (ETFs) linked to cryptocurrency futures.
Key Requirements for ETF Listings
The SFC outlined that management companies must demonstrate a strong track record of regulatory compliance and have at least three years of experience managing ETFs or similar investment vehicles.
Focus on Major Cryptocurrencies
The regulator indicated that initially, only ETFs tied to Bitcoin (BTC) and Ether (ETH) futures will be considered for listing, aligning with the approach taken by the Chicago Mercantile Exchange (CME).
Significance of the Move
This decision reflects Hong Kong's efforts to provide regulatory clarity while maintaining oversight of the growing crypto-asset market. It also underscores the importance of robust compliance and experience for market participants.
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