The Hong Kong Securities and Futures Commission (SFC) approved the applications for spot Bitcoin and Ethereum exchange-traded funds (ETFs) on Monday.
Key Takeaways
- HK approved the first group of Bitcoin and ETH ETFs spot applications on Monday.
- The ETFs will be launched by the end of the month upon the coordination with the Hong Kong Exchanges & Clearing (HKEX) and the crypto exchanges.
- Some of the ETF approvals were given to the Hong Kong units of Harvest Fund Management and Bosera Asset Management
The move marks Hong Kong as the second jurisdiction globally to greenlight a spot Bitcoin ETF and the first for an Ethereum ETF in 2024.
Some of the ETF approvals were given to the Hong Kong units of Harvest Fund Management and Bosera Asset Management, among others. These financial institutions have been at the forefront of advocating for cryptocurrency integration into mainstream financial…
