the Hong Kong Securities and Futures Commission released the Quarterly Report for April to June 2025, disclosing that as of the end of July, the number of licensed virtual asset trading platforms in Hong Kong has increased to 11, while the number of licensed corporations allowed to provide virtual asset trading services is 57. As of the end of June, the market value and daily average trading volume of the first batch of 6 virtual asset spot ETFs recognized by the Hong Kong Securities and Futures Commission have increased by 73% and 13% respectively since their listing. Currently, the number of virtual asset spot ETFs recognized by the Hong Kong Securities and Futures Commission has increased to 9.