PANews reported on February 15 that according to Hong Kong media Ming Pao, the Hong Kong Securities and Futures Commission has previously approved the listing of exchange-traded funds (ETFs) for Bitcoin and Ethereum futures and spot. When asked whether it would consider allowing the launch of virtual currency leveraged and inverse (L&I) ETFs, the Hong Kong Securities and Futures Commission CEO Leung Fung-yee responded that the volatility of the relevant assets would be considered. If the volatility is not large, then the relevant leveraged and inverse products would be considered for issuance. In addition, Leung Fung-yee also mentioned that the Hong Kong Securities and Futures Commission will soon issue a circular allowing issuers to launch ETFs with alternative investments as assets, and with relevant investor protections.