Futu Securities announced on June 27 that its fully owned subsidiary, Futu Hong Kong, has received regulatory approval to engage in Virtual Asset ETF agency trading. This development marks a significant advancement in the firm’s strategic expansion within the digital asset investment space. By leveraging this authorization, Futu Hong Kong is positioned to offer enhanced trading services for cryptocurrency exchange-traded funds, catering to growing investor demand for diversified crypto exposure. The approval underscores increasing institutional acceptance of crypto ETFs as viable financial instruments, aligning with broader market trends toward regulated digital asset products. Market participants can anticipate improved liquidity and accessibility in the virtual asset ETF segment, driven by Futu’s robust trading infrastructure and compliance framework.
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