Hong Kong's virtual asset spot ETF market has experienced significant growth, with its market cap rising 33% year-on-year to reach 5.47 billion HKD as of November 2025. This expansion is marked by the listing of eleven SFC-approved products, highlighting the increasing investor interest in digital assets. Leading the market is the ChinaAMC (HK) Virtual Asset Spot ETF, which accounts for 2.73 billion HKD, representing 38% of the total market cap. The rise in ETF demand suggests a growing interest in altcoins, potentially driving further market developments.