The total assets under management of Hong Kong's virtual asset ETFs have surpassed 300 million USD, with stablecoin choices differing from the regulatory measures in Singapore and Japan

ChainCatcher news shows that the total assets managed by virtual asset ETFs in Hong Kong have surpassed 300 million USD, bringing new growth opportunities to the financial market. Since their listing, the total daily trading volume of six virtual asset ETFs has reached as high as 20 million HKD.

In addition, Jiang Zhaosheng, a senior researcher at OKLink Research Institute, analyzed that over the past year, the development of virtual assets and Web3 in Hong Kong has been rapid. From VATP, HKD stablecoins, VAOTC, tokenization and RWA, to virtual asset spot ETFs, there has been a continuous search for development models suitable for local characteristics. In terms of stablecoins, Hong Kong has chosen regulatory measures that differ from those of Singapore and Japan, opting to regulate them through the introduction of a new license rather than incorporating them into the payment system, which represents an innovation at the regulatory level.