[Hong Kong SFC: Q3 Virtual Asset Spot ETF Total Market Value Reaches $920 Million] The Hong Kong Securities and Futures Commission (SFC) released its quarterly report for July to September 2025, stating that the total market value of virtual asset spot ETFs in Q3 reached $920 million, an increase of 217% since their launch. The asset management scale of five tokenized money market funds reached HK$5.387 billion (approximately $692 million), a 391% increase compared to the previous quarter. The Hong Kong SFC confirmed that the stamp duty exemption for transferring ETFs applies to tokenized ETFs. So far, licenses have been issued to 11 virtual asset trading platforms, with 8 applications currently under review.