KPMG: Self-custodial institutional investors can hold virtual assets through Hong Kong ETFs without converting them into fiat currency in advance

Golden Finance reported that KPMG China Hong Kong Risk Advisory Director Jansberg said that compared with other regions, virtual asset spot ETFs issued in Hong Kong have many advantages, including the protection provided by the Securities and Futures Commission for investors, and more diversified subscription and redemption methods. For investors, physical redemption and subscription options are particularly attractive, and institutional investors who custody virtual assets themselves can consider holding the relevant assets through ETFs without converting them into legal tender in advance. Hong Kong has very strict requirements for issuing virtual asset spot ETFs, including detailed review of the internal management and operational capabilities of the applicant issuer to ensure that it complies with relevant regulations and provides adequate protection for investors.