Hong Kong’s SFC, HKMA, said it would consider applications for a spot cryptocurrency ETF.

Hong Kong has been relaxing its approach to cryptocurrencies this year, with regulators’ opinions on retail exposure to digital assets also changing. Last October, the SFC updated its rulebook to allow a wider range of investors to participate in spot cryptocurrency and ETF investments. Then, last month, SFC CEO Julia Leung said regulators were moving toward allowing retail investors to purchase spot cryptocurrency ETFs, and that if all risks were addressed, the company would open up proposals that “use innovative technologies to increase efficiency and customer experience.” “I would welcome it,” he said.