#etf

The Hong Kong Securities and Futures Commission has approved at least three fund companies to cooperate with licensed exchanges to allow citizens to purchase spot Bitcoin and Ethereum with securities accounts. Currently, investors who want to purchase virtual currencies need to open accounts at virtual currency exchanges. Several fund companies announced that they have been granted licenses by the Hong Kong Securities and Futures Commission to cooperate with two licensed exchanges on the market to launch virtual asset fund products, that is, citizens can directly use securities accounts to purchase spot Bitcoin and Ethereum without opening accounts at exchanges. Some industry insiders believe that the measures will help promote the development of virtual asset transactions and increase tax revenue.