Hong Kong to Become the Next Crypto ETF Hub as BTC ETF Anticipation Continues in US Hong Kong is poised to become a leading hub for
cryptocurrency exchange-traded funds (ETFs), particularly spot Bitcoin (BTC) ETFs, as
anticipation grows for the approval of such ETFs in the United States.
Industry leaders believe that Hong Kong’s Securities and Futures Commission (SFC), which has shown a positive stance towards
digital assets, sets a favorable stage for the introduction of spot Bitcoin ETFs.
Yat Siu, chairman of web3 investor
Animoca Brands, said the SFC is open to widening access to digital assets, claiming that a spot Bitcoin
ETF would be relatively uncontroversial. Siu also noted that Hong Kong could take reference from the extensive public filings and applications related to
ETFs in the United States, which has made significant progress in this area.
