In Hong Kong, favorable conditions are emerging for the creation of a spot XRP exchange-traded fund (ETF), generating interest within the XRP community. Yasin MOBARAK, the founder of Dizer Capital, has called on crypto industry leaders to establish an XRP ETF in the region, particularly following recent changes in cryptocurrency regulation.

Hong Kong's regulatory bodies, including the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), have expressed their willingness to accept applications for cryptocurrency spot ETFs. This decision follows the SFC's permission to create ETFs for cryptocurrency futures, reflecting the latest market developments.

The regulators have emphasized their openness to applications for additional funds related to cryptocurrencies, including spot ETFs for virtual assets. This opens up new opportunities for the development of the cryptocurrency sector in Asia.

The initiative to create an XRP ETF in Hong Kong could be a significant step in the development of the cryptocurrency industry in the region, offering new investment opportunities and contributing to the further adoption of cryptocurrencies.