- Financial regulators in Hong Kong have limited the sale of crypto spot ETFs to professional investors only - Professional investors in Hong Kong are defined as having a portfolio of no less than HKD$8 million (US$1 million) Financial regulators in Hong Kong have issued new rules restricting virtual asset intermediaries from offering crypto spot exchange-traded funds (ETFs) to retail investors. The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) said their motive is based on protecting investors due to “risks associated with investing in virtual assets,” according to a joint circular on Friday. While that...