According to online reports, Chen Zhihua, president of the Hong Kong Securities and Futures Association, proposed six key points for Hong Kong to enhance the virtual asset field, including: relaxing restrictions on participation of mainland residents and allowing more mainland residents to participate in Hong Kong's virtual asset market, which will introduce a large amount of capital and technology to enhance market vitality and liquidity and expand Hong Kong's influence as a financial center. In a recent case decided by the People's Court of Songjiang District in Shanghai City, the court ruled that it was not illegal for individuals to hold virtual currency. Considering from this perspective and based on foreign exchange controls, we can refer to the practice of "Hong Kong Stock Connect" to allow domestic funds to invest in virtual asset-related products in Hong Kong in a closed-loop manner, starting with ETFs.