Hong Kong Set To Greenlight Spot Bitcoin And Ether ETFs By Monday: Report
Hong Kong is close to approving its first spot Bitcoin and Ethereum exchange-traded funds (ETFs), with final approvals expected as early as Monday. The Securities and Futures Commission is finalizing the approval process, with Harvest Global Investments and a partnership between Bosera Asset Management and HashKey Capital set to receive the first approvals. These ETFs will allow direct investment in Bitcoin and Ether, contrasting with futures-based crypto ETFs. The in-kind creation model will reduce costs and improve liquidity. The launch is strategically timed to attract new investments ahead of the Bitcoin Halving event. This development follows regulatory advancements in Hong Kong to foster a regulated environment for digital assets. The ETFs could unlock up to $25 billion in demand from Chinese investors.
