Hong Kong Set to Approve Bitcoin and Ether ETFs as Early as Monday
Hong Kong is expected to approve Bitcoin and Ether ETFs as early as Monday, according to two sources familiar with the matter, marking a big step for the cryptocurrency industry in the region.
Harvest Fund Management, along with Bosera Asset Management and HashKey Capital, is anticipated to receive approval for its spot Bitcoin and Ether ETF applications.
By the end of April, the ETFs are expected to receive the green light from the Securities and Future Commissions (SFC). Additionally, the SFC is reportedly collaborating with Hong Kong Exchanges & Clearing Ltd to finalize the approval process.
While the exact timeline is unknown, sources suggest that the initial approvals, which may include Hong Kong Bitcoin ETFs, could occur as soon as Monday.
Why Hong Kong's potential approval of spot Bitcoin ETF is the most significant development in the market right now
An article.
Abstract:
China is grappling with a severe economic crisis, characterized by a soaring debt-to-GDP ratio which reached a record 288% in 2023, and a… pic.twitter.com/VrPDNovLyy
— Sinz
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