Hong Kong Securities and Futures Commission: The total market value of virtual asset spot ETFs in Q3 exceeded 900 million USD, and the asset management scale of tokenized money market funds approached 700 million USD

The Hong Kong Securities and Futures Commission (SFC) released the third quarter report for July to September 2025, which disclosed that the total market value of Q3 virtual asset spot ETFs reached $920 million, an increase of 217% since their launch. The assets under management of five tokenized money market funds reached HKD 5.387 billion (approximately $692 million), a growth of 391% compared to the previous quarter.

In addition, the Hong Kong SFC stated that it has confirmed that the stamp duty exemption for transferring ETFs applies to tokenized ETFs, aiming to promote secondary market trading of tokenized ETFs and further expand market access for tokenized fixed income and currency products. Currently, licenses have been issued to 11 virtual asset trading platforms, and the license applications of 8 virtual asset trading platform applicants are under review.