US EditionHong Kong regulators approve launch of spot bitcoin and ether ETFs
- Hong Kong has approved the launch of spot crypto ETFs, including those investing directly in bitcoin and ether, with companies like Bosera Asset Management's oversea arm and Hong Kong firm HashKey Capital receiving conditional approval.
- Harvest International and China Asset Management Company are among the fund managers granted approval by the Hong Kong Securities and Futures Commission for spot crypto ETFs.
- Hong Kong becomes the first market in Asia to approve spot ether ETFs, allowing for both cash and in-kind subscriptions, potentially leading to global competitiveness in offering exposure to crypto assets.
32 Articles
32 Articles
Hong Kong conditionally approves first bitcoin and ether ETFs
HONG KONG — Hong Kong's securities regulator on Monday granted conditional approval to start the city's first spot-bitcoin and ether exchange-traded funds (ETFs), firms involved said, positioning it as a leader in Asia for the use of cryptocurrencies as investment tools. ChinaAMC (HK), the city's unit of China Asset Management, said in a statement it had received regulatory approval from Hong Kong's Securities and Futures Commission of Hong Ko…
Cities follow the example of the U.S. and create gateways for institutional investors into the crypto world.
Channel News Asia
Hong Kong gives initial approval to first bitcoin, ether spot ETFs, say funds
HONG KONG: Hong Kong conditionally approved its first spot bitcoin and ether exchange traded funds (ETFs) on Monday (Apr 15), money managers said, paving the way for the city to become Asia's first to accept the cryptocurrencies as a mainstream investment tool. At least three offshore Chinese asset manager
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