Liang Fengyi: Will consider approving virtual currency leverage and inverse ETFs when volatility is low
ChainCatcher news, according to Ming Pao, the Hong Kong Securities and Futures Commission (SFC) has previously approved the listing of exchange-traded funds (ETFs) for Bitcoin and Ethereum futures and spot trading. When asked whether it would consider allowing the launch of leveraged and inverse (L&I) ETFs for virtual currencies, SFC Chief Executive Officer Ashley Alder responded that the volatility of the relevant assets would be taken into account, and if their volatility is not significant, the approval for the issuance of related leveraged and inverse products would be considered.
Alder also mentioned that the SFC will soon issue a circular allowing issuers to launch ETFs with alternative investments as assets, which will include relevant investor protections.