[News] Hong Kong Exchanges and Clearing Limited (HKEX) recently issued a notice to explain the "Introduction of Virtual Asset Spot Exchange Traded Funds". HKEX stated that virtual asset spot exchange traded funds can be margin financed, which is similar to other exchange traded products and stocks, but the specific situation depends on the risk management policy of individual exchange participants. 😊
However, HKEX also reminded that due to the high volatility of virtual asset spot exchange traded funds, exchange participants should be particularly cautious when providing margin financing for the purchase and sale of such products to customers. At the same time, exchange participants should also comply with the SFC's guidelines on securities margin financing activities.
This news undoubtedly brings new dynamics to the virtual asset market. What do you think about this? Welcome to share your views in the comment area, let us explore the future direction of the blockchain industry together!