Major Move in Hong Kong Virtual Asset Market: ETF Spot Total Value Breaks $900 Million, Q3 Sees Record High Growth Compared to the Previous Quarter

2025-12-17 12:00:11

[Crypto World] The latest quarterly report from the Hong Kong Securities and Futures Commission has been released, and the data looks quite impressive. In the virtual asset spot ETF sector, the total market capitalization has already surged to $920 million, a 217% increase since launch, with a rapid growth rate. Even more remarkable is the tokenized money market funds — the assets under management for five products have reached HKD 5.387 billion (approximately $692 million), a quarter-over-quarter increase of 391%, showing a very strong momentum.

On the policy front, efforts are also intensifying. The Hong Kong SFC has confirmed a key move: the stamp duty exemption policy for transferring ETFs now officially applies to tokenized ETFs. What does this mean? Lower transaction costs in the secondary market, potential further enhancement of liquidity, and significant benefits for the market expansion of tokenized fixed income and money products.

Progress is also being made on licensing — so far, 11 virtual asset trading platforms have been granted licenses, with 8 more applications under review. This pace indicates that the SFC intends to steadily promote market standardization and institutionalization. The virtual asset ecosystem in Hong Kong is indeed taking shape.

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UncleWhale

· 12-20 09:27

The pace of the Hong Kong Securities and Futures Commission really seems to want to turn Hong Kong into Asia's crypto hub.

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MEVictim

· 12-19 17:51

This move with the Hong Kong dollar really looks like it's laying the groundwork.

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MetaverseLandlord

· 12-18 11:43

The Hong Kong Stock Exchange is really playing chess here. As soon as the stamp duty exemption was announced, the secondary market costs were cut in half. This is true liquidity. A 391% month-over-month increase is a bit crazy, but any product with some volume is probably riding this wave of benefits.

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DustCollector

· 12-17 12:30

The Hong Kong dollar's recent move is indeed aggressive, with a 391% increase that's a bit outrageous.

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FrontRunFighter

· 12-17 12:29

wait, 391% in one quarter? that's not growth, that's a literal extraction attack on retail's capital allocation lol. someone's definitely frontrunning the narrative here ngl

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SnapshotDayLaborer

· 12-17 12:24

391%? That's a pretty scary growth rate. Do you think it's real or is there some data manipulation?

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NFTragedy

· 12-17 12:22

The surge in the Hong Kong dollar ETF is quite intense, with a 391% month-on-month increase, it's really hard to withstand.

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LiquidatedAgain

· 12-17 12:06

391% month-over-month growth. How much leverage would that take to run it out? After I bet five bucks, there's bound to be another wave of liquidations.

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