Hong Kong SFC releases quarterly report: Q3 virtual asset spot ETF total market value reaches $920 million, up 217%

Jinse Finance reported that the Hong Kong Securities and Futures Commission (SFC) has released its Q3 report for July to September 2025, which disclosed that the total market value of virtual asset spot ETFs in Q3 reached $920 million, representing a 217% increase since their launch. The assets under management of the five tokenized money market funds reached HK$5.387 billion (approximately $692 million), a 391% increase compared to the previous quarter. In addition, the Hong Kong SFC stated that it has confirmed that the stamp duty exemption for the transfer of ETFs also 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. Currently, licenses have been issued to 11 virtual asset trading platforms, and the SFC is reviewing license applications from 8 other virtual asset trading platform applicants.