Hong Kong Treasury Department: Hong Kong's virtual assets are developing well, with an average daily trading volume of ETFs reaching US$6.4 million

The Hong Kong Treasury Department stated that since the "Policy Statement," virtual assets in Hong Kong have made good progress in all aspects. The first batch of 6 virtual asset spot ETFs issued by 3 fund companies have received enthusiastic market responses. As of May 17th, in just one month since their listing, the daily trading volume of the ETFs has reached $6.4 million. The Monetary Authority will continue to explore the further application of distributed ledger technology in the capital market with market participants. In developing the digital Hong Kong dollar, the Monetary Authority has launched the second phase of the "Digital Hong Kong Dollar" pilot program to further explore innovative use cases and three characteristics of the "Digital Hong Kong Dollar" in Hong Kong (programmability, tokenization, and real-time settlement). The Monetary Authority will continue to explore the role of central bank digital currency in the future trend of digital currency.