Hong Kong media revealed the latest data that the total assets under management of Hong Kong virtual asset ETFs have exceeded US$300 million, and the financial market has ushered in a new opportunity for growth. Since its listing, the total daily transaction volume of 6 virtual asset ETFs has reached 20 million Hong Kong dollars.
In the past year, Hong Kong's virtual assets and Web3 have developed rapidly. From VATP, Hong Kong dollar stablecoins, VAOTC, tokenization and RWA, to virtual asset spot ETFs, they have been looking for a model suitable for regional development. In terms of stablecoins, Hong Kong has chosen a different regulatory measure from Singapore, Japan, etc., regulating them by imposing a new license instead of incorporating them into the payment system. This is an innovation at the regulatory level. (Ta Kung Pao)