Hong Kong to Join the Bitcoin ETF Party: Spot ETFs Expected to Launch Soon! It's official! Following the footsteps of the U.S., Hong Kong is gearing up to
approve its first-ever spot Bitcoin ETFs. According to insiders, the country's Securities and Futures Commission (SFC) is all set to give the green light, with trading potentially starting as early as Monday on the Hong Kong Stock Exchange (HKSE).
Harvest Fund Management Company,
Hashkey Capital, and
Bosera Asset Management are leading the pack, reportedly in the final stages of securing listing arrangements with Hong Kong Exchanges & Clearing Ltd. Exciting times lie ahead for these firms!
Notably, this news comes hot on the heels of SFC granting Harvest and China Asset Management permission to offer virtual-asset-related fund management services. The crypto community can't help but speculate that Hong Kong and China will follow in the U.S.'s footsteps, fueling further demand for
Bitcoin (BTC).
Since their debut in January 2024, U.S. Bitcoin ETFs have already amassed a staggering 500,000 BTC. With Hong Kong now entering the fray, it's clear that digital gold is shining brighter than ever before!
