🚨🚨🚨Hong Kong is about to approve spot Bitcoin trading funds🚨🚨🚨
Hong Kong is expected to approve exchange-traded funds (ETFs) for Bitcoin and Ethereum as early as next week, a Bloomberg report said on Friday, citing sources familiar with the matter.
The sources familiar with the matter indicated that the entities expected to receive approval to launch ETFs for Bitcoin and Ethereum are the international arm of the Chinese asset management company Harvest Fund Management Co. A collaboration between Bosera Asset Management (International) and HashKey Capital.
Bloomberg explained that these companies intend to launch their ETFs by the end of the month, after obtaining final approval from the Securities and Futures Commission (SFC) and completing listing details with Hong Kong Exchanges & Clearing Ltd.
It is worth noting that the launch of Bitcoin spot investment traded funds in the United States on January 11 contributed to the recovery of digital currency markets this year, as the city of Hong Kong is actively working to position itself as a center for digital asset companies.