The Hong Kong Securities and Futures Commission has issued a circular regarding the trading of exchange-traded funds (ETFs) linked to virtual asset futures, stating that ETF issuers must demonstrate at least three years of performance records and regulatory compliance records

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) has issued a circular titled "On Virtual Asset Futures Exchange-Traded Funds," establishing new rules for cryptocurrency futures ETF issuers. These include requirements that any product must meet the standards for managed unit trusts, mutual funds, and unlisted structured products; ETF issuers must demonstrate at least three years of performance records and regulatory compliance; issuers will need to prove that the digital asset ETF has sufficient liquidity; the net risk exposure of derivatives cannot exceed 100% of the ETF's net asset value; and issuers must conduct investor education prior to launch. (Source link)