Hong Kong Likely to Approve Spot Bitcoin ETFs Next Week: Reuters
Summary
Hong Kong regulators are expected to approve the first applications for spot bitcoin exchange-traded funds (ETFs) next week, potentially allowing trading to begin in April. Australia and Hong Kong could be the first jurisdictions in Asia to offer spot bitcoin ETFs, with Singapore and the UAE not yet ready. The approval process in Hong Kong has been accelerated. Harvest Global Investments and asset manager VSFG, along with its partner, Value Partners, have applied for a spot ETF. Four entities, including the Hong Kong units of China Asset Management, Harvest Fund Management, and Bosera Asset Management, have submitted applications to launch spot bitcoin ETFs.
