The Hong Kong Securities and Futures Commission (SFC) released its quarterly report: the total market capitalization of virtual asset spot ETFs reached US$920 million in Q3, a 217% increase.

The Hong Kong Securities and Futures Commission (SFC) released its Q3 report for July to September 2025, disclosing that the total market capitalization of virtual asset spot ETFs reached US$920 million in Q3, a 217% increase since their launch. The assets under management of five tokenized money market funds reached HK$5.387 billion (approximately US$692 million), a 391% increase compared to the previous quarter. Furthermore, the SFC stated that it has confirmed the stamp duty exemption for ETF transfers applies to tokenized ETFs, aiming to promote secondary market trading of tokenized ETFs and further expand market access for tokenized fixed income and money market products. Licenses have already been issued to 11 virtual asset trading platforms, and license applications from 8 other virtual asset trading platform applicants are under review. (Source: Jinse Finance)