Hong Kong Securities and Futures Commission: Although it recognizes the listing of virtual asset spot ETFs, it does not mean to encourage the public to invest

ChainCatcher news, according to the Hong Kong Radio website, the Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission, Choi Fung-yi, stated that the SFC's approval of the relevant ETFs for listing does not imply support or encouragement for the public to invest in the related virtual assets. She reiterated that the regulatory framework cannot eliminate the various risks inherent in the market, especially since virtual assets are highly speculative and their prices are very volatile, reminding that only investors who can bear the risks should consider it.