Caixin: Sources say that Hong Kong's recognition of the "Hong Kong Stock Market Encryption Treasury" direction is not high.

GateNewsBot

2025-09-04 05:31:51

Abstract generation in progress

On September 4th, it was reported by Caixin that Wang Xiaoqi, CEO of New Fire Technology, stated that DAT, Crypto Assets ETF, and traditional virtual asset exchanges essentially provide access for funds to enter Crypto Assets trading; before the emergence of Crypto Assets ETF, exchanges were mainstream, but now the vehicles for Crypto Assets trading are evolving towards a lightweight mode, with the current DAT being the lightest way for traditional investors to enter the crypto world. A senior investor in digital assets, who wishes to remain anonymous, told Caixin that while Hong Kong stocks DAT can also be considered, communication with the Hong Kong regulatory authorities revealed that the recognition for this direction is not high, and market participants may still need to lobby local regulators.

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