Reports from Bloomberg suggest that Hong Kong is poised to greenlight Bitcoin and Ethereum exchange-traded funds (ETFs) as early as Monday.<\/p>\n
Sources familiar with the matter reveal that the anticipated recipients of approval for spot-crypto ETFs are an international arm of Chinese asset manager Harvest Fund Management Co. and a collaboration between Bosera Asset Management (International) Co. and HashKey Capital.<\/p>\n
These entities aim to roll out their respective ETFs by month-end, pending final clearance from the Securities and Futures Commission (SFC) and completion of listing formalities with Hong Kong Exchanges & Clearing Ltd. (HKEX).<\/p>\n
The imminent approvals follow recent indications that Harvest was nearing permission to debut a spot-Bitcoin ETF in Hong Kong. Notably, the SFC had previously authorized Harvest and China Asset Management to offer virtual-asset related fund management services on April 9.<\/p>\n
The unveiling of spot Bitcoin ETFs in the United States on January 11 has spurred renewed activity in cryptocurrency markets this year.<\/p>\n
Hong Kong has actively positioned itself as a digital asset hub, implementing regulatory frameworks for virtual asset service providers since June 2023.<\/p>\n
Before the anticipated nod for spot-crypto ETFs, Hong Kong had already sanctioned the launch of futures-based crypto ETFs. These include CSOP Bitcoin Futures, CSOP Ether Futures, and Samsung Bitcoin Futures, collectively managing assets of around $170 million.<\/p>\n
The timing of this report coincides with the broader industry anticipation of Bitcoin Halving, bringing a positive outlook for Bitcoin enthusiasts with just seven days to go until the event.<\/p>\n","protected":false},"excerpt":{"rendered":"
Reports from Bloomberg suggest that Hong Kong is poised to greenlight Bitcoin and Ethereum exchange-traded funds (ETFs) as early as Monday. Sources familiar with the matter reveal that the anticipated recipients of approval for spot-crypto ETFs are an international arm of Chinese asset manager Harvest Fund Management Co. and a collaboration between Bosera Asset Management […]<\/p>\n","protected":false},"author":12,"featured_media":10098,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Hong Kong Set to Approve Bitcoin & Ethereum ETFs by Monday - Bitrabo","description":"Reports from Bloomberg suggest that Hong Kong is poised to greenlight Bitcoin and Ethereum exchange-traded funds (ETFs) as early as Monday. Sources familiar wit"},"footnotes":""},"categories":[316],"tags":[3359,3360,3361],"class_list":["post-10099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin-etf","tag-ethereume-eft","tag-hong-kong"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/10099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=10099"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/10099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/10098"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=10099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=10099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=10099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}