Published on January 22, 2024 09:49 GMT+00:00edited on January 22, 2024 09:54 GMT+00:00

Gary Tiu, executive director and head of regulatory affairs of OSL, a Hong Kong-licensed crypto exchange, said that the special administrative region could potentially see the issuance of its first spot crypto exchange-traded funds by the middle of this year, according to local media.

The Hong Kong Economic Journal reported Monday that Tiu said that OSL is in close communication with many fund companies—  and that five to 10 companies are currently studying such an ETF. Tiu added that around five companies have progressed faster than the others, with the possibility of rolling out Hong Kong’s first spot crypto ETFs by the middle of this year.

Tiu also acknowledged the pressure to ensure that fees are not excessively high in the exchange's collaboration with fund companies, …